In light of the increasingly competitive legal market, top UK firms are actively seeking ways to make their remuneration models appealing, particularly to partners who may be contemplating leaving for more profitable roles at U.S. law firms. Linklaters, known for its formidable global presence, appears to be moving towards a three-gate lockstep system in its latest talent acquisition strategy.
However, specific details of this approach remain elusive due to the paywalled nature of the source. As a result, this summary is based on a meta description and other publicly available information, and may not cover all aspects of the story.
Lockstep systems, common among law firms, typically tie a partner’s pay to their seniority rather than individual performance. Adopting a three-gate lockstep model potentially represents a strategical shift for Linklaters. It remains to be seen how this move will impact the firm’s overall performance and its ability to retain top talent against its competitors.
As always, we will endeavor to keep you abreast of the latest developments and trends in the legal world.