Morgan Lewis To Keep Lockstep Model For Associates

Law360, New York (November 4, 2010, 7:33 PM EDT) -- Morgan Lewis & Bockius LLP has decided not to abandon a lockstep system in favor of a competency model for determining associates' base salaries.

Morgan Lewis associates who meet the firm's expectations will get base salaries in 2011 that are commensurate with the prevailing market level for their class year, while the firm will pay merit-based bonuses, according to a statement from Charles Engros Jr., one of the firm's managing partners.

In July 2009, Morgan Lewis' canceled its 2010 summer program, and Chair Francis Milone said...
To view the full article, register now.