King & Wood Mallesons has overhauled its rigid 10-year lockstep, creating a modified system for its Australian partners, as news emerges that the firm's Hong Kong arm struck a five-year deal to ensure that partner remuneration remains at pre-merger levels. The firm has also discontinued its early retirement plan for new partners.
King & Wood Mallesons Modifies Australia Lockstep Amid News of Hong Kong Pay Deal
September 10, 2012
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