Sentences with phrase «associate lockstep»

Macfarlanes, which does not operate a strict associate lockstep, has boosted pay throughout its associate ranks.

After all, the logic for promoting a high performance culture by rewarding the most deserving lawyers over a traditional associate lockstep is clear.

If A&O got the ball rolling within the magic circle — when in 2006 it linked pay for senior associates with individual performance — it was Freshfields Bruckhaus Deringer that made the most decisive move, with its overhaul of both its associate career path and salary structure to avoid reference to PQE, effectively consigning associate lockstep to the archives.

Not exact matches

The firm has established two tracks for base pay, which is the lockstep aspect of the hybrid, one for associates billing 1,900 hours, and another for those who billed between 1,500 and 1,900.

MacEwen does not discuss whether either lockstep or EWYK would help improve partner / associate relations, but maybe that's a factor that firms should consider when they examine these different compensation schemes.

UK - based firm Linklaters, which last year lowered associate pay raises, announced it is returning to full lockstep compensation for its associates...

Merit (based upon a combination of objective and subjective factors): Associates in more firms are interested in seeing their increases tied to their performance, rather than in lockstep progression.

Several of these firms are in the process of converting the current methodology for granting associate increases from lockstep (by class for the first several years) to a meritocracy.

Several firms have recently announced they will abandon the traditional lockstep system and start to base associate pay and promotion on «performance» or «merit.»

However, if your firm does not do these things assiduously under a lockstep system, then adapting to a new system will require a great deal of preparation and possibly re-thinking the way your firm handles all aspects of associates» professional development.

This issue of Management Solutions looks at the movement away from lockstep to a performance - based model for associates.

Several associates have moved into partnership faster than they would have on a traditional lockstep track.

The traditional salary model for law firm associates is lockstep compensation, in which associate salaries go up by a fixed amount each year from the associate's law school graduation.