Ed. Note: Welcome to our daily feature Trivia Question of the Day!
According to reporting by Law.com, which is the only Wall Street firm that appears to still pay partners with a pure lockstep system (and even this firm is stretching out its partner pay ratios)?
Hint: Lockstep comp for partners has fallen out of favor with Biglaw firms, with many firms adding partner bonus pools to pay top performers a bigger piece of the pie.
See the answer on the next page.
The post Biglaw’s Lockstep Partner Compensation Is Dying appeared first on Above the Law.
Ed. Note: Welcome to our daily feature Trivia Question of the Day!
According to reporting by Law.com, which is the only Wall Street firm that appears to still pay partners with a pure lockstep system (and even this firm is stretching out its partner pay ratios)?
Hint: Lockstep comp for partners has fallen out of favor with Biglaw firms, with many firms adding partner bonus pools to pay top performers a bigger piece of the pie.
See the answer on the next page.
