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.
Leading Dutch firm Nauta Dutilh has backed away from plans to introduce a bonus for its equity partners.
The firm’s partners voted against the proposals at its annual partnership conference last week.
Managing partner Marc Blom said the question had been whether lockstep or a system with a merit element was best for the firm. “We decided that sticking with locktsep was best,” he said.
Late last year Nauta radically overhauled its lockstep by introducing a sytem under which underperforming partners will be docked equity points. The move was an attempt to increase the compensation Nauta could offer its top-performing partners.
The introduction of a bonus has been on Nauta’s agenda since last year and was a key issue at last week’s conference. It had been widely expected the firm would introduce the bonus as an additional measure to reward its best performers as attract the top legal talent.
Blom refused to reveal the number of votes in favour of introducing a bonus element to the firm’s remuneration system.