Debevoise & Plimpton Introduces Nonequity Partnership Tier, Upholding Lockstep Compensation Model

Debevoise & Plimpton recently announced the creation of a nonequity partnership tier while retaining its lockstep compensation model for partners. As relayed by presiding partner Peter Furci, this move illustrates the firm’s commitment to adapting to market changes while maintaining its longstanding cultural values. According to The American Lawyer, Debevoise joins several Am Law 100 firms, such as Wilmer Cutler Pickering Hale and Dorr and Paul, Weiss, Rifkind, Wharton & Garrison, who have also introduced nonequity tiers in recent years.