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Holland & Knight is the Next to Abandon Lockstep

21 hours ago ago from JD Journal

I think it's time for some new terminology.  Lockstep compensation referred in the past to associates moving up in pay scale in with their contemporaries.  All associates from the same class got the same raise, year after year.  But it also holds another connotation - that all biglaw firms move together in lockstep when it comes to associate compensation, in order to not be left behind in what used to be fierce competition for the top ...

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by Marcia Chambers

22 hours ago ago from New Haven Independent :: It's Your Town. Read All About It.

by Marcia Chambers | December 18, 2009 8:13 AM | Permalink | Comments (1) By a 15-6 vote, a bipartisan Representative Town Meeting (RTM) rejected a three-year school administrators' contract. Members said that to increase $100,000 plus salaries in these difficult economic times would have sent the wrong message. Besides the economic crisis, RTM members on both sides of the aisle for the first time raised the issue of ...

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