The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Transatlantic giant Mayer Brown Rowe & Maw (MBRM) is shaking up its partner compensation as it puts global expansion at the top of its agenda.
The firm is to adopt a UK-style compensation system for partners, specifically designed to encourage collegiate behaviour. The new system will begin in January 2007.
Previously MBRM operated a retrospective system where partners were allotted base pay at the beginning of the calendar year, which was augmented in December according to performance.
Under the new system, partners will be put into 20 bands and given a set number of points, with the value of those points dependent on the firm's overall financial performance - a system more akin to most UK law firms.
The move comes a week after the announcement of a new management team, consisting of general counsel James Holzhauer, UK senior partner Paul Maher and Washington DC head Ken Geller.
Paul Maher said: "While individual entrepreneurs have done this firm a lot of good, in an increasingly complex and more competitive environment, it seems pretty obvious that a more focused team-based approach is a better way to go."