Home / Practice Management / Human resources / Recruitment & retention

Legal News

Remuneration systems for partners of law firms

Copyright © 2025 LexisNexis

Published on: 19 October 2016

Published by a LexisNexis Practice Management expert

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.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an