Hill Dickinson is to extend its bonus scheme to all legal staff in a bid to benchmark its employee benefits against those of its peers.
At present only fixed-share partners, senior associates and senior managers in the firm’s business support function are eligible for the reward.
But managing partner Peter Jackson explained that there was a need to include all fee-earners - and possibly the entire workforce at a later date - in the scheme in order to retain a competitive edge.
“Benefits tables show that we stick out like a sore thumb,” he said. “On the most recent table it was just us and Halliwells [that did not have bonuses for all legal staff].
“Lawyers look around and we may not be seen as being so attractive [as the competition].
“There’s also a sense that increased incentivisation can be good for business.”
In the next few months junior associates and paralegals who meet certain key performance indicators will also be able to receive an additional payment of up to 10 per cent of their annual salaries.
Jackson said the emphasis would be on financial performance, but that the firm would want the flexibility to be able to reward business development, firmwide performance and other discretionary elements where necessary.
Readers' comments (3)
Close but no cigar | 22-Nov-2010 1:41 pm
He actually almost got through an interview without talking about Halliwells.
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Did I mention...... | 22-Nov-2010 9:25 pm
As Halliwells was bust it was just HD who failed to offer any form of bonus. But how else could he have got Halliwells into the story? No quote is complete without Peter mentioning Halliwells. If you don't believe me then do a search of the legal press and see how many interviews he has done in the last 12 months where he has failed to mention Halliwells. Have I mentioned that we nearly bought Halliwells? Did I say to anybody that we were looking at Halliwells for months?
Erm yes Peter, you did.....over and over and over again.
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Solicitor | 23-Nov-2010 2:23 am
Ah. Just about enough to cover the rate of inflation; that is, if you can bill this many hours without without about the much better money you'd get in any other regional/national firm (including those akin to Halliwells).
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