The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
Berwin Leighton Paisner (BLP) has finalised its alternative to partnership, creating an associate director position and appointing nine senior associates to the role.
The firm is among the first to appoint lawyers to the partnership alternative role, with a number of firms set to make the move from 1 May 2007. Herbert Smith, which announced an of counsel role as its partnership alternative in June, made its first promotions in September.
BLP managing partner Neville Eisenberg said: Were very keen to ensure theres a clear step forward and to provide meaningfuldevelopment opportunities for our lawyers.
BLP voted to create an alternative to partnership in January. The new associate directors will be remunerated at a similar level to junior equity partners and will have access to shadow equity points, meaning their pay will be tied to the firms profitability without sharing in the equity.
The associate directors will also take on some management duties. They will be given responsibility in one or more oftheareasofclient relationship management, people development, knowhow and training or financial management.