[gamblor956]

With respect to the BigLaw firms cited, yes, since Cravath is the only one that is actually doing lockstep.

They rest don't do lockstep anymore. On paper they start with lockstep, but actual raises are based on performance, location, legal group, etc. I have enough friends at Skadden and Latham in different offices to confirm that.

[vqc]

I've never heard of anyone who hit their billable minimums (e.g. 1900, 2k, etc) not get bumped to the next year. Although I guess there's a bit of a dance that happens years 5/7-9 for people who think they have a shot at partner.