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Lockstep compensation or seniority-based compensation is a system of remuneration in which employees' salaries are based purely on their seniority within the organization. For example, in the legal profession, where this system is most commonly found, all law school graduates hired by a law firm who graduated in the same year receive the same base pay regardless of background, experience, or ...
Accountability - taking responsibility for actions and their outcomes wherever due; Objectivity - having a well-informed unbiased view on practical matters; Respectfulness - treating colleagues and clients with care and compassion; Obedience to the law – adhering to regulatory and governmental guidelines
"Accountability" derives from the late Latin accomptare (to account), a prefixed form of computare (to calculate), which in turn is derived from putare (to reckon). [6] While the word itself does not appear in English until its use in 13th century Norman England, [7] the concept of account-giving has ancient roots in record-keeping activities related to governance and money-lending systems ...
Office of Compliance logo. The Office of Congressional Workplace Rights (OCWR; formerly the Office of Compliance) [1] was created through the Congressional Accountability Act of 1995 (CAA) which applied workplace protection laws to approximately 30,000 employees of the legislative branch nationwide and established the Office of Compliance to administer and ensure the integrity of the Act ...
Firms marked with "(verein)" are structured as a Swiss association. These are estimates and equity partners can make vastly different salaries inside the same firm. [2] For more up-to-date information on the US firms in this list, please refer to Largest US Law Firms Ranked by Profits Per Equity Partner.
United States labor law sets the rights and duties for employees, labor unions, and employers in the US. Labor law's basic aim is to remedy the "inequality of bargaining power" between employees and employers, especially employers "organized in the corporate or other forms of ownership association". [3]
The nature of the work carried out by accountants and auditors requires a high level of ethics. Shareholders, potential shareholders, and other users of the financial statements rely heavily on the yearly financial statements of a company as they can use this information to make an informed of the decision about investment. [4]
List of largest law firms by revenue; List of largest United States-based law firms by profits per partner; List of largest United Kingdom-based law firms by revenue; List of largest Canada-based law firms by revenue; List of largest Europe-based law firms by revenue; List of largest Japan-based law firms by head count