Image by dbking via Flickr"The proposal: Abandon the lockstep compensation approach toward associate pay in favor of a system that aligns pay with the performance of the individual associate and the firm, and significantly shifts the bulk of total compensation to this variable component. A performance-based pay structure would go a long way toward helping firms keep top legal talent, and it would serve firms better financially. "
The idea has been around for awile , but has seen little acceptance by the top firms. The current upheaval could be the best opportunity for it to get serious consideration.
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