Sentences with phrase «tier lockstep»
Freshfields moves some partners to second tier lockstep ladder capped at 30 points as profitability drive continues
http://www.legalweek.com/
Partners voted in a second tier lockstep ladder running from 10 - 30 points compared with the standard 17.5 - 50 points in late 2013, it has emerged, but its use has increased significantly since last year.
The magic circle firm, which overhauled its three - tier lockstep system in 2015, has long had the ability to reward top - performing partners by moving them above its core 100 - point plateau, but has previously opted against such a move — even for lateral hires in the highly competitive US market.
Not exact matches
The union, which went live on Wednesday (1 May), will see the firm adopt Dickinson Dees» two - tier partnership rather than Bond Pearce's three - tier structure, with the merged firm to operate a full equity and junior equity rank with a modified lockstep.