Cravath, Swaine & Moore Shake-up Partner Pay System

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For decades, upward mobility at America's biggest law firms was based primarily on a system of seniority.

But the times they are a-changing, and for the storied 200-year-old Cravath, Swaine & Moore—one of the few remaining holdouts of the old-school "lockstep" partner system—the pathway to promotion is about to see a major shakeup.

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Source Fool.com