Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation
All the better to attract top-end legal talent.
All the better to attract top-end legal talent.
Another firm transitions away from full lockstep compensation.
goLateral is a quiet window into what's actually out there. Joining takes two minutes, costs nothing, pays you $100, and stays completely confidential.
It takes something special to make people boo a raise.
Another firm moves away from merit-based compensation and back toward lockstep.
This leader in merit- or performance-based compensation is moving back in the direction of a lockstep system, it seems.
Partners, you better make sure you do your homework at this firm.
Confronting Biglaw’s ‘snake eating its own tail’ problem.
So what adjustments did the firm make to its base salary scale?
What are statistics like the billable hour worth, and how can they be improved?
What is the secret to success at Cravath and similar firms? And what is the secret to making partner at a place like Cravath?
What are the advantages and disadvantages of a "black box" compensation system, in which nobody knows how much anyone else is earning?
Willkie AI and Innovation leader Todd Friedlich spoke to LexisNexis about firm’s thoughtful approach to legal AI
Do lawyers at your corporation complain about their compensation compared to the compensation of their peers within the company? Or are law firm partnerships uniquely vicious in that regard? If so, why?