Lockstep compensation is a system of remuneration in which employees' salaries are based purely on their seniority within the organization.

What is lockstep model?

Indian law firms are increasingly adopting the internationally followed lockstep model of compensating partners. ... The model was adopted by the firm after observing the practices of international law firms, he said. According to the lockstep system, pre-decided performance levels must be achieved by each individual.

How does a lock step work?

Lockstep works by providing for a progression for incoming partners from a starting allocation of a profit share until he or she reaches parity with the other partners; this parity is often known as 'the plateau'.