Orrick, Herrington & Sutcliffe dumped lockstep associate promotion on Wednesday and began assigning associates to one of three tiers within its partner track: associate, managing associate or senior associate. Orrick will also create a nonpartner-track option for associates, and boost the number of staff attorneys doing more routine work like document review. Orrick Chairman Ralph Baxter Jr. said the moves are meant to create a system in which clients aren't paying for unnecessary costs.
Orrick Breaks Lockstep in Response to Clients' Cost Concerns
July 2, 2009