Law360, New York (February 25, 2010, 2:55 PM ET) -- Chicago-based Seyfarth Shaw LLP has joined the growing rank of firms that have abandoned lockstep models in favor of goal-oriented merit-based pay systems.
In a memo circulated within the firm Wednesday, Seyfarth informed associates of a new “talent development system” that will be phased in slowly over the course of 2010.
“While we are not the first law firm to publicly announce the move to a full competency-based system, we believe we are well poised to be a leader in implementing this transition smoothly and effectively,”...
Seyfarth Gives More Details On Merit-Based Program
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