BLP scraps special deals for one-size-fits-all pay culture

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Readers' comments (9)

  • Undoubtedly BLP is a success story but word is there are a lot of unhappy junior equity partners there right now. Winners and losers I suppose ...?

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  • This is just semantics. If BLP unearthed a magic circle partner with a £4m following they'd snap him up like a shot and pay what they needed to do it. This is just a way of keeping line partners happy.

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  • Frankly a 56% rise in PEP, especially in the current market, did look a bit too good to be true when it first came out. If, as this article suggests, partners are "stepping out of the equity" then that might help explain such phenomenal results.

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  • Sounds a bit mealy mouthed to me. BLP is just a good firm with strong management. If your firm isn't posting 56% rises then tough. Live with it.

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  • "...partners whose genetic makeup doesn’t fit with the firm’s direction of travel."

    We have an early winner of the Mixed Metaphor of the Week.

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  • Push-me-pull-you : I knew perfectly well what he/she meant. The departing partners didn't have sufficient lead in their pencils to cut the mustard.

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  • But is there enough cream in their coffee to mix metaphors?

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  • Nice quote from SSQ.

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  • Obviously the partners who have left didn't quite have the requisite amount of "genetic" BLP*nis...unlike the various shades of git who seem to be running that place at the moment.

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