Sentences with phrase «pure lockstep»

The findings show that only 10 % of respondents work in firms with pure lockstep structures, compared with 27 % in firms with pure merit systems and 23 % in firms keeping aside part of their profits for rewarding top earners.

The two firms currently operate pure locksteps, the traditional compensation system employed by U.K. law firms under which an equity partner's profit share automatically rises each year based on seniority, rather than on merit.