Clifford Chance is adjusting its 100-point lockstep program to better reward top-performing partners, potentially allowing for compensation up to £12 million ($15.6 million).
The restructuring of the remuneration model is aimed at both attracting lateral hires and retaining talented attorneys amid a competitive hiring environment in London.
The changes to the lockstep model facilitate a more dynamic scoring system, enabling easier adjustments to points for partners, thus reflecting partner performance more accurately.
These updates come in response to an ongoing hiring war, indicating that the firm is keenly aware of the need to stay competitive in the legal market.
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