Five-year lockstep will be introduced on a national basis
July 12, 2000 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
National giant Eversheds is set to introduce performance-related pay as the firm enters the final stages of its long-running national integration process at the end of the month.
The firm is bringing in a national five-year lockstep for this year, which replaces the varying equity structures within the firm, as an interim measure.
The lockstep works on a ratio of 2:1, translating roughly into an entry level of £155,000 per partner, with top partners drawing £310,000.
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