Part of Speech: n.
Quotation: The root of the problem may lie in the top law firms’ oddly egalitarian tradition of paying the same amount to associates at the same level. Many refer to it internally as “lockstep.” At some firms, that applies to partners, too, though that is becoming increasingly rare.
Author:
Andrew Ross Sorkin
Date of Publication:
Dec. 2, 2007
This catchword has yet to be researched.