Lockstep compensation, traditionally associated with the elite echelons of the legal field, is finding traction among midsize firms as well. One leader of such a firm pointed out a significant advantage of this model: “There’s no fighting over the origination or billing status.” By adopting a lockstep pay structure, these firms aim to foster collaboration and reduce internal competition, emphasizing team achievement over individual billing metrics.
For more details on how these firms are implementing lockstep compensation, visit the original article on FeedBlitz.