Table of contents
- Can you outline the most usual forms of remuneration for equity partners?
- What are the pressures on firms that may cause them to review their forms of remuneration? In particular, several large firms are reported recently to be altering their lockstep arrangements. If so, what is the reasoning behind it?
- How have pressures such as those you have described changed how firms in the UK have rewarded partners in recent years? You mention US law firms—is there much difference between firms here and in the US?
- Are there any forms of remuneration systems that firms could consider that are used elsewhere or in other professions or industries?
- How do you think the structure of partner remuneration may change in the future?
Article summary
Practice Management analysis: Following news that Linklaters partners are due to vote on changes to their lockstep remuneration structure, Peter Scott, principal of Peter Scott Consulting and former managing partner of Eversheds’ London and European offices, examines the potential alternative methods of law firm remuneration.
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