Freshfields’ lockstep gambit: has the firm gone far enough to keep hold of its rising stars?

Does Freshfields’ long-term reward approach to its new lockstep leave the firm vulnerable to star partner exits lower down the ranks?

Another day, another magic circle lockstep review, as the UK elite continue to flex partner pay to better compete with US rivals on both sides of Atlantic.

This time, Freshfields Bruckhaus Deringer has voted through a radical overhaul that returns the firm to a single ladder, with a longer structure enabling those at the top to receive roughly six times more than those at the bottom.

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