WilmerHale Latest To Abandon Lockstep

Law360, New York (December 15, 2009, 5:45 PM EST) -- WilmerHale LLP will reset its base compensation scale in 2010 as it moves from lockstep compensation to a merit-based model that aims to eventually build a larger part of each associate's, senior associate's and counsel's compensation into his annual performance bonus.

In a Tuesday memo the firm announced that the new system — which it says will be highly competitive and reflect individual skill level — will be implemented in all its U.S. offices over two to three years. The memo said the firm has not...
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