Legal & Policy

Top Global Biglaw Firm Announces Nonequity Partnership Tier, Expands Lockstep Compensation

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Freshfields, a top global law firm, has introduced a nonequity partnership tier and expanded its lockstep compensation model to enhance profitability and reward high performers. This move follows similar actions by other elite firms and signals an industry shift towards more flexible partnership structures to remain competitive. For content creators or aspiring partners, the trend indicates a potential additional step in career progression within law firms.

Read the full article at Above the Law

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