Regional firms dominate tightest equity rankings

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  • Plexus law has just 4 equity partners which is very small indeed for a business that turns over about £80million and has more than 50 Partners. But, it seems to work. No committees, no in-fighting, just a focused business which makes a healthy profit.

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  • I have heard that about Plexus but do wonder what the other 50 Partners make about having no equity share and probably no prospect of having any. How expensive would that be in any event? Millions surely? Wonder what their succession plan is. We struggle with 33% equity but only 4% equity Partners? Sell out to a financial institution or a float I suspect.

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  • If parabits is right and there are just 4 equity partners in a business of that size it is amazing. Good luck to them. Question - if the firm is that big why is it not in the Top 50? Other question: how long will the other 50 partners sit around with no promotion prospects? Anyone with a following will surely go eventually if equity prospects are all but non existent?

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  • Plexus has a good business model. It's the way forward for firms of that type.

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  • Good firm but why this business model? Undervaluing 50 Partners and giving them no prospects must surely affect morale. Nice life for the 4 at the top no doubt (who earn millions I hear). Is Parabits the PR dept of Plexus??

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  • I agree with Amazed. No equity succession equals no future. Even if the 4 equity partners do float this practice the other 50 partners won't get a share and will leave eventually. Who'd buy faced with that?

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  • Plexus who ? Never heard of them.

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  • You all miss the point. I used to work at Praxis before the change of name to Plexus. Good firm. Great quality people, particularly the Partners in the North (Leeds). Everyone there knows what the future holds and they know that Andrew McDougall and the other 3 equity partners own the firm lock stock and barrel. The point is that the other Partners are not dumb and know their fate. Despite this there is still something there that keep them happy. Perhaps it is the £300K plus that fixed share equity partners get! Still we short of the millions the equity guys get but a nice life none the less. The salaried partners get shafted though.

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