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.
McGrigor Donald is working on a new practice-based bonus scheme which will force lawyers to rely on their whole department for most of their annual bonus.
Robert Glennie, the firm's London-based senior partner, said that the firm is introducing the new model because the current bonus scheme is too complicated. At the moment, the firm runs two bonus schemes, one for qualified lawyers and the other for non-lawyers. The current scheme for qualified lawyers is based on a mixture of individual contributions, such as billable hours and the performance of the lawyer's practice group. Non-lawyers bonuses are based on a shareout of surpluses in the annual budget. The firm is moving to a practice-based bonus structure, although lawyers will also be remunerated, probably in small part, for their individual contributions. The scheme is yet to be finalised.