The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
South-West firm Bond Pearce has offered an end of financial year sweetener for all its 650 staff, in the form of a profit-based bonus scheme and a 2.5 per cent pay bonus across the firm.
The initiative sees staff share in a pool of nearly £400,000, paid as a retrospective 2.5 per cent salary bonus for the 2003-2004 financial year.
Bond Pearce has also introduced a profit-related bonus scheme for future years, which will see all staff share in a bonus pool determined as a proportion of profits.
The scheme is part of a firm-wide overhaul of Bond Pearce’s appraisal and remuneration process.
Other firms to have implemented bonus schemes for all staff include Eversheds and Kendall Freeman. Allen & Overy has run a bonus scheme for the past seven years, paying staff a bonus of 9.3 per cent of salary in 2003-2004.