Sentences with phrase «traditional lockstep»

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

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

Cravath follows the traditional lockstep method where partners are rewarded for seniority, allowing for the avoidance of inter-office rivalry and endless performance reviews.

As growing numbers of UK firms drift ever further from traditional lockstep in the battle for talent, does it even matter?

We're a traditional lockstep compensation firm, because that engenders a high level of cooperation between and amongst partners, and that means partners treat other partners with greatest level of respect.

Not exact matches

The standardized, lockstep low royalty rates (25 % of net on e-books, 15 % of list on hardcovers, 8 % of list on paperbacks) that traditional publishers offer the vast majority of authors choosing to go that publishing route make calculating author earnings straightforward.

They have a generally negative correlation with equities — which means they tend to go up when stocks go down — and do not move in lockstep with traditional bonds.

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

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.

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.