"When you change something as dramatic as the comp system, there is going to be fallout," said one recruiter about changes to lockstep pay.
December 29, 2021 at 05:00 AM
4 minute read
Editorial
The original version of this story was published on The American Lawyer
Jennifer Conway’s departure from Cravath, Swaine & Moore is another indication that the upcoming year will continue a frenzy of lateral moves among elite firms.
Several legal industry observers predict fallout at firms that have abandoned lockstep—causing some partner exits—while elite firms will use some of their newly available compensation tools to attract talent in 2022.
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