Beachcroft bins lockstep for merit-based pay
Beachcroft has radically revamped its remuneration system to better reward partners’ performances, as it undergoes a cultural shift following its conversion to limited-liability partnership (LLP) status. The firm has ditched its simple modified lockstep in favour of multi-tiered remuneration for equity partners, which takes into account performance as well as seniority. Under the new system, […]