The Argument for Eliminating Lock-Step Partner Compensation | BCGSearch.com

Need Help? Call 800-298-6440

The Argument for Eliminating Lock-Step Partner Compensation

Eliminate Lock-Step Model and Reward Performance, Not Time Served

Beginning at the end of 1999, law firms began accelerating the rate at which they increased associate compensation. This trend literally moved at “Internet speed:” within three months, associates nationwide were deemed to be worth substantially more than they had been when hired, sometimes only a few months earlier.
Related Articles

The Emphasis on New Clients and Partner Compensation

There are as many variations of partner compensation plans as there are law firms. Most are well intended and targeted at rewarding those efforts that the firm values, or thinks it should value, most....


What is the Best Partner Compensation System?

Good compensation systems are a management tool that promotes firm stability and puts the emphasis on merit and performance. Which one is best for partners?...


Adam Levin: Partner with Mitchell, Silberberg & Knupp, LLP, Los Angeles, CA

Labor and employment litigator Adam Levin said he likes to comb through all the details and facts of a case, taking them apart and putting them back together like the parts of a three-dimensional puzz...


Arturo J. Gonzalez: Partner with Morrison & Foerster, LLP, San Francisco, CA

Before he decided to become an attorney, Arturo Gonzalez was interested in another branch of law: law enforcement....


Barbara L. Johnson: Partner with Paul, Hastings, Janofsky & Walker, Washington, DC

Employment litigator Barbara Johnson had already established a solid career before going into law. She worked as an analytical chemist and instrument engineer for The Dow Chemical Company in Midland,...


Partner Business Plans

One of the most important steps to successfully making a move as a partner is to prepare a proper business plan that documents what you will bring to the table. As someone with a portable book, the ''...


Cynthia H. Cwik: Partner with Latham & Watkins, San Diego, CA

Cynthia Cwik already knew what she wanted to do at an age when most of her peers were still trying to decide if the Easter Bunny was real....


Darren Gardner: Managing Partner, Minter Ellison's San Francisco Office

Minter Ellison , the only Australian law firm with an office in the United States, has experienced significant success in San Francisco. From the start, Darren Gardner, Managing Partner of Minter Elli...


Trial Attorney Glenn V. Whitaker Takes Charge as Partner at Vorys, Sater, Seymour and Pease, LLP

Cincinnati-based trial lawyer Glenn V. Whitaker has had a long and distinguished legal career and is recognized as one of the top litigators in his field. He worked as Special Litigation Counsel for ...


Partner Business Plans: Key Elements

A well-written business plan can serve as a bridge between a partner and a firm. Its impact on a partner's ability to move to a new firm can be significant....


 

  
[Top]


Click here to read about the benefits of being part of the BCG Attorney Search Family


Search Jobs

Locations:

Minimum Years of Experience:

Primary Area of Practice:

Firm Type:

Keyword:

 Partner Level Job(s):

Search Now