As recent years’ economic cycles highlight the financial disparities between different practice areas, and partner pay surpasses $20 million at some firms, firm leaders have a reinvigorated interest in comparing their partner compensation system with their peers.

Though few firms in the Am Law 100 still use a pure lockstep system, wherein tenure is paramount in determining compensation, many struggle to strike a balance between seniority and productivity that doesn’t alienate key stakeholders.

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