Portugal’s largest law firm PLMJ has revamped its management structure and set up a new partner remuneration scheme.
The firm has created a board of directors consisting of three partners: managing partner Luís Sáragga Leal, founding partner Francisco Oliveira Martins and head of the energy practice Manuel Santos Vítor.
Vítor will be responsible for the professional life at PLMJ and is leading the changes to the lockstep remuneration ;system, which will place greater emphasis on merit.
Career progression is a key concern for the firm, which has introduced a mandatory retirement age of 65 to improve the flow of partners. This year the firm promoted eight partners.
At the start of the year five partners, including corporate heads Dulce Franco and Gabriela Rodrigues Martins, left to set up their own firm.