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The compensation structure of the Sullivan & Cromwell is lock-based or seniority based compensation structure in nature. The compensation structure is linked with the years of experience, and skills & competencies of the employees. With the increase of job tenure, the skills and experience of the employees are expected to increase. Help in homework The skills and abilities as well as performance if the employees are assumed to increase with the increase of job tenure (Torres-Coronas & Arias-Oliva, 2013). The senior employees receive more salaries and benefits than that of the junior employees. This salary structure of the Sullivan & Cromwell can be considered as fair. This salary structure is widely followed in most of the organizations (Torres-Coronas & Arias-Oliva, 2013). Given circumstances and condition of the law service industry (demand and supply of the law graduates and employees), and industry condition (post financial market condition), the lock-based