Nearly 18 months after voting through modifications to its remuneration system, Clifford Chance (CC) has kicked off a firmwide review of where partners should sit on its lockstep in a bid to curb under-performance and retain star partners.
The firm traditionally operated a lockstep system with a single profit pool, where partners spent three years as juniors before progressing on to the equity ladder, which ranged between 40 and 100 points.
