Life Post-Lockstep: Moving To Merit Pay Without A Map

Law360, New York (January 25, 2010, 7:07 PM EST) -- As major firms continue to ditch the age-old lockstep system of pay and promotions, the details that some firms have shared with associates on the infrastructure necessary to implement new merit-based models remain murky.

Goodwin Procter LLP and WilmerHale LLP, for example, recently told their associates in memos that they have decided to switch to competency-based pay systems.

While these no-more-lockstep bombs are short on details, legal industry experts say meritocracies ultimately will bring sweeping changes for associates by challenging them to work strategically rather than...
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