DLA Piper to Abandon Lockstep Under New Associate Compensation Plan
DLA Piper has released the details of a new associate compensation model that throws out lockstep in favor of a performance-based system. The plan does away with minimum billable hour requirements and pay increases based on years of service. Instead, firm managers will consider "value delivered to clients and the firm, not tenure or hours," according to a memo released to associates on Tuesday. The new system takes effect on Jan. 1.
