Legal Week understands that there are just 10 partners at the top of the lockstep, with finance making up the bulk of the places.
Five finance partners have made the grade — four of whom are in
The remainder of the top tier comprises two competition partners and one energy and infrastructure partner.
Partners discovered their new positions on the lockstep, which now runs to a 25-65 point scale, two weeks ago. Around 50 partners — those previously at the top or bottom of the lockstep — are thought to have been most affected.
The overhaul has seen the firm’s lockstep cut from 10 years to nine, with the gateways moving to three and six years. The firm has also formalised measures to allow management to accelerate younger talent up the ladder.
Legal Week recently reported that some partners within the firm believe Green is considering staying on for a shortened third term as senior partner to oversee the implementation of the lockstep changes. This would allow for any contentious issues to be ironed out before a new senior partner is selected.
Ashurst declined to comment.
