Tag Archives: associate compensation

Is Lockstep Out of Step with the New Reality?

Most law firms, unlike other businesses, categorize associates by law school graduation year rather than level of expertise for purposes of hiring, compensation, and promotion. Until recently, the traditional lockstep model made some sense, assuming that associates who enter law practice at the same time gain like experience at similar firms. Class year designation, therefore,…
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Spring/Summer 2010 California Lateral Update

As we move into summer, law firms continue to seek partners with multi-million dollar books of portable business and there is a slight thaw in law firm associate hiring, but we have a long way to go before there is a return to a robust lateral market at any level of seniority.  Law firm downsizing…
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