Law360, New York (October 06, 2009) -- Bingham McCutchen LLP plans to usher in a hybrid “merit lockstep” compensation system by the end of 2009, slightly defying the current trend of law firms that have implemented full-on merit-based pay systems or made across-the-board salary cuts in response to economic pressures.
Under the new approach, the firm will retain a salary class level system for associates and counsel but will decide bonuses based on merit factors other than just billable hours,...
