'It's a big call' - partners size up Freshfields' radical lockstep overhaul
Freshfields rivals watch closely to see whether radical reforms can revitalise firm
November 22, 2017 at 11:07 AM
6 minute read
"They always intended to maintain lockstep, but it has become impossible," says one former Freshfields Bruckhaus Deringer partner after the firm voted through a radical shake-up of its lockstep last week.
A current partner concedes that the move – which extends Freshfields' lockstep ladder to a 60-point peak for star performers that equates to around £3m, and adds three gates lower down to control progress – was inevitable.
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