Camerons bucks trend with pure lockstep bid

Camerons CMS Cameron McKenna is to move to a pure lockstep partnership, bucking the trend towards merit-based pay.

Following a strategic review earlier this year, the firm will join the select band of firms that operate a pure lockstep, that include Slaughter and May and Freshfields Bruckhaus Deringer, by 2005. The new lockstep will operate on a 2:1 ratio over an eight-year period, against its current 10-year track.

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