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Firms warned against ditching associate lockstep

For some firms moving away from the lockstep is surely a disastrous move. For the bigger firms who can hire and fire at will the meritocracy has to be better. But for the smaller firms and even some of the regions it could be a recruitment nightmare. It could even create a split in the market? how are associates likely to move up the career ladder if they don't get access to cases which those at the bigger firms have access to? Could it end up with a two tier profession, where some are judged on their merit and others by how many years they have worked? And what will this mean for instructions? Will in-housers be forced to pay the extra money to go to the CIty firms which are able to work on a meritocracy, leaving smaller firms to dwindle?Of course meritocracy-based career paths are probably best, but there are reason why it doesn't suit all firms.

16-Nov-2009

5:41 pm