Fri, 24 May 2013
Exploit the power of digital with The Lawyer Acumen
The Lawyer Acumen is a comprehensive online resource giving everyone in the legal market real-time business intelligence on the sector.
20 January 2003
30 June 1998
7 January 1997
22 November 2004
8 April 2002
17 March 2008
The UK firm's 12 partners have been moving away from lockstep towards a merit-based system and now join Faegre as part of the 240-strong equity partnership with a new remuneration system."We have a merit-based system that's very subjective," said Tom Morgan, a senior partner at Faegre who sits on the eight-man committee.The system is based on 10 factors, including fees generated, teamwork, practice development, community service and treatment of associates. The remuneration is not disclosed to the partnership."It's unique and has a lot to do with trust," said Morgan. Following a six-year relationship, Hobsons' partners are willing to trust the committee.Morgan also admitted: "Our most highly compensated partners probably don't make as much as they would at another firm."
View All Related Briefings
Subscribe to The Lawyer today and get all the latest news stories, both domestic and global, and analysis of the legal sector.
A subscription includes:
The latest legal news, opinion, analysis, jobs and events. Wherever you are, whenever you need it.
Let us help you with an integrated approach to mobile and online advertising.
Site powered by Webvision