| Topic Name: |
Potential Compensation |
| Message Name: |
Lock step v. non-lock-step |
| Date Posted: |
11/27/2000 |
| In Reply To: |
looking at the lawyer career info on vault.com it seems like many firms have structured pay sys, ie. first year==$100K, 2nd =$105K, 3rd 110K and so on, is there opportunity, like as i-banks do, to break out of the 'structure' and excel at a big firm to make more money based upon your own merits or something? |
| Message: |
The old line firms used to always "lock step" their associates, but my guess is that this type of thinking is now the exception rather than the rule. Capable senior associates of high value tend to make more than marginal senior associates of "fodder value". It does vary from firm to firm.
I'm sure that you'll find a number of large firms with absolute class year locksteps even nowadays. I'd also guess, though, that past the first couple of years such locksteps
are not written in stone.
At most firms I've heard about of any size,
there is the "published" rate for associate compensation, and then there are the extra salaries and bonus that exceptional associates get which are "non-published".
|
|
