This Top Biglaw Firm Is Going Against The Grain On Partner Compensation And Succeeding
Covington & Burling, a successful Biglaw firm, does not use billing or origination credits for partner compensation.
The firm's compensation is based on overall contributions, including client relationships, creative work, pro bono efforts, and firm committee work. [ more ]
Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation
Clifford Chance is considering changing its lockstep partner compensation model to attract top rainmakers.
The firm has previously introduced mechanisms to its 100-point lockstep, allowing for more flexibility and higher compensation for star performers. [ more ]