Sentences with phrase «lockstep model»

While exceptional American firms such as Cleary Gottlieb Steen & Hamilton and Debevoise & Plimpton still use the relatively inflexible lockstep model, the bulk of US - based businesses can lure partner recruits or retain rainmakers by elevating them in the pay ranks and deal appropriately with less profitable partners by limiting what they earn.

«eating» without «killing» each other: a performance - driven lockstep model for lawyer compensation in law firms

Paul, Weiss uses another method, a modified lockstep model, because they understand that keeping top talent under the plain lockstep method is difficult.

Not exact matches

I'm tired of being called names and condemned because I don't fall into lockstep with those who are trying to hold onto a professional business model that is outdated and that threatens the industry because the suits are too scared or too tied to their ways to adapt to changing times and demands.

Lockstep, everyone earning the same piece of the pie, and the eat - what - you - kill model remain the two most popular methods for compensating partners, with the latter in Canada being the most predominant.

«Over the last two years we have successfully restructured our business, including the adoption of a hybrid lockstep remuneration model that rewards our highest performing partners.

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

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.