Jeffrey Stone commented on McDermott’s new merit-based pay and promotion system for The National Law Journal (January 13). He emphasized that the move is not aimed at cutting costs, but rather is structured to reward the best performing associates while creating greater value for clients. “The old lockstep system rewarded for longevity. It failed to reward increases in competence,” Mr. Stone said. As part of the change, by 2011, associates will be placed in one of three pay levels based on skills achieved and business experience. Mr. Stone added that McDermott’s training will be adjusted to focus on the core competencies deemed the most significant at each pay level. The three-tiered aspect of the Firm’s new compensation system was also noted by JD Journal in a January 12 story.