Stephenson Harwood make the move to merit-based pay

Stephenson Harwood has decided to move away from the traditional lockstep model for associate pay in favour of a system based upon individual merit. The new system will come into operation for the next round of salary appraisals in May 2010. Currently, the firm provides a salary package of £58,000 for newly qualified lawyers, which rises to £90,000 for senior associates. The move toward competency-based pay reflects a trend across a number of UK top 50 law firms, including Simmons & Simmons, Barlow Lyde & Gilbert and Field Fisher Waterhouse.

Stephenson Harwood make the move to merit-based pay legalweek.com Mon, Mar 15, 2010