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4 matches for 'lockstep'

• Orrick Reveals New Associate Pay Structure

  —ABA Journal Top Stories

  Orrick, Herrington & Sutcliffe revealed its new associate pay structure that will kick in in 2010. Orrick announced in July that it would be abandoning lockstep. According to a chart (PDF) Orrick provided to the ABA Journal, associates will be separated into three classes: associates, managing associates and senior associates. [...]

  Posted: December 03, 2009, 6:53pm EST
  

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• Sutherland Elimates Lockstep, Cuts 1st-Year Pay in Atlanta

  —ABA Journal Top Stories

  In the latest move by a market leader to eliminate the traditional lockstep progression toward partnership, Sutherland has reconfigured its 175 associates from year-by-year classes to three groups into which they advance based on skills. Their pay increases also will be tied to skills increases, recounts the Daily Report in [...]

  Posted: November 23, 2009, 3:39pm EST
  

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• Five Questions for Law Firms Abandoning Lockstep Compensation

  —ABA Journal Top Stories

  Law firms abandoning lockstep compensation need to consider how they can make the change without sabotaging the morale of lawyers who aren’t the firm’s stars. The morale issue is one of several questions that an increasing number of firms will have to consider as they make the change, according to [...]

  Posted: November 17, 2009, 12:13pm EST
  

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• Why Abandoning Lockstep Can Lead to Disgruntled Associates

  —ABA Journal Top Stories

  Abandoning lockstep promotions and salary hikes for associates can hurt morale if the system is perceived as unfair, according to a consultant who is an organizational psychologist. Writing for the New York Law Journal, Larry Richard of the legal consulting firm Hildebrandt warns about the dangers of moving to a [...]

  Posted: November 06, 2009, 11:27am EST
  

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