Around 75 of Ashurst’s most senior partners will see their position at the top of the lockstep come under intense scrutiny as part of a radical overhaul of the City firm’s remuneration system.

The 132-equity partner law firm is rebasing its entire lockstep from the current 20-50 point ladder to a slightly wider 25-65 point scale with partners at or near the top subject to the most far-reaching changes.