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.
If ‘tis the season to be jolly, the firm’s chosen system – on track to be a hybrid of the two existing models – will aim to keep partners from both legacy firms full of tralalalala. And possibly eggnog. But like any post-merger restructure, the decision process is likely to be tough (see analysis).
Those at the top of equity at legacy Freehills, which has a performance-based modified lockstep, reportedly received an annual salary of up to AUS$1.8m (£1.02m) before bonuses in 2011/12 – enough to fill Santa’s sleigh to the brim with Christmas fleece onesies.
But sources say these top performers have been reluctant to wed with legacy Herbert Smith’s rigid eight-year lockstep, concerned any compromise could lead to a pay cut and discount store stocking fillers. “Bah! Humbug!” is what they might say on voting day.