Recent partner defections—combined with aggressive lateral hiring by ambitious rival firms—have reignited a familiar debate: Will lockstep partner compensation at some of the industry’s most elite law firms become a relic of the past?
Partner exits from Cravath, Swaine & Moore and Debevoise & Plimpton in the past two years have raised fresh questions about the sustainability of the lockstep system, a rigid compensation regime based on seniority rather than a partner’s revenue stream.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]