Olswang abandons lockstep pay model

Olswang has followed an increasing trend away from the lockstep model for associate pay, introducing a new pay scheme for associates. The scheme sets three salary bands for associates, with progression between the bands dependent on performance, rather than the number of years of post-qualified experience. HR director Ffion Griffith said: “Olswang has always believed in a meritocratic culture, and this new structured career path reflects this. “This is an important component of Olswang’s growth strategy and our efforts to retain and reward the best talent in our market – the people who’ll make a significant contribution to achieving the firm’s goals.”

Olswang abandons lockstep pay model thelawyer.com Mon, May 24, 2010