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Kirkland shows that lockstep is bad for us I Like Crack December 19, 2006 06:36 am
I think the Kirkland numbers, if true, show us that lockstep really is bad for us. Look, we are all already billing 2200-2600 hours a year. In that environment, we would be what, $15-50K above the NYC market, depending on your year, if firms used a Kirkland like non-lockstep system.

Plus, abandoning lockstep allows Kirkland to pay senior guys relatively more, because you don't need to adjust the entire structure if you want to bump up one class year's range.

Kill lockstep - firms use it to play off of our fears of getting screwed royally, and instead screw us regularly.


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