Partner and associate lockstep compensation systems are a hand-me-down from the early 1900s. If the legend is to be believed, it was developed at Cravath and over time most of
Old Dog, New Tricks: Time to Retire Associate Lockstep Compensation
This article maps out a system that would enable law firm management to implement a meaningful pay-for-performance system that drives positive associate performance and enhances the firm's culture.

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