Freshfields Decides Against Changing Lockstep
The firm had been considering a performance-based acceleration mechanism, allowing junior partners to jump more quickly up the pay ladder.
July 30, 2020 at 05:40 AM
3 minute read
Freshfields Bruckhaus Deringer has decided against modifying its lockstep to a model that would have seen high-performing junior partners rise the ranks more quickly.
The firm had adjusted its partner compensation model in 2018 in an effort to retain star talent. But it had returned to the issue the following year in the wake of more partner departures.
In an interview with Law.com International in July managing partner Stephan Eilers said the firm is "happy and content" with the 2018 reforms to the lockstep and said: "We are not expecting further changes to our lockstep model."
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