Asian leaders embrace lockstep as firms aim to handle growing pains
In US legal circles, lockstep compensation is most frequently described as a relic of the profession's past. Although a handful of elite firms continue to embrace it, most others long ago discarded lockstep and its seniority-based pay scale in favour of performance-based compensation schemes for partners. Many large US law firms are now looking at abolishing lockstep for associates too.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now