Is it a case of ‘too many cooks’ at Linklaters? There are currently 28 partners on the firm’s two management boards – a figure that insiders complain is excessive. “The number of people involved in the management decisions means that not much management gets done,” says one.
It’s a fair point – too many cooks really can spoil the broth. Why discuss lemongrass and fish sauce when all that’s needed is a proverbial leek, or something to that effect. With partners grumbling that the focus should be on fee-earning, sources say that senior partner Robert Elliot is considering merging the two boards.
Any decision is likely to take some time – it was less than a year ago that the firm reshuffled its international board. But the idea has already been given the thumbs up from the market, with a number of other firms thinking the same.
“There was once so many of us in a meeting that we spent four hours going over one point,” notes a partner from a rival firm.
Hopefully this idea won’t simmer for too long.
Also on The Lawyer:
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- Fladgatehas overhauled its partnership structure ahead of the introduction of HMRC’s new rules on the tax treatment of fixed-share partners
- Divorce lawyer Raymond Tooth and his former protégée, the self-proclaimed “diva of divorce” Ayesha Vardag, have reached a settlement in a bitter battle over allegations she attempted to poach his clients.