Salaried partners asked to buy into SNR Denton

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Readers' comments (11)

  • Buyer beware!

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  • Didn't Halliwells do this?

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  • Sounds like a way to get cash into the firm to then distribute it out to the senior non-performing management! LOL!

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  • Given that salaried partners are only exempted from joint and several liability claims against their firm if they have an indemnity agreement it would be interesting to learn how this may have changed at Dentons now that salaried partners haves some skin in the game. The risk reward ratio may be none too clever without a new agreement.

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  • Maybe the distinction between a true "salaried partner" and an "equity partner" is now becoming blurred for the purposes of the Insolvency Act !! If I was a salaried partner I would be seeking advice before parting with any Cash!

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  • "A venerable firm that's undergoing a necessary restructuring because of difficult economic times". Is that a euphemism for something more sinister?

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  • Lovely to hear that the contributions are being made to “make everyone feel like they have a stake in the merger”.

    £20,000 to give a salaried partner a warm glow in their heart, even though when profits soar they'll not see any of it.

    We live in strange times.

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  • Well it is the duty of salarieds to enrich equity partners after all! Wot wot!

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  • "£20,000 to give a salaried partner a warm glow in their heart, even though when profits soar they'll not see any of it."

    Well put...

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  • Perhaps the equity partners, who have drawn chunky sums over the years, should dig a little deeper rather than coming out with the rhetoric/spin that they want salaried partners to feel like they have a stake in the merger at a cost of several thousands ... spin spin spin

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  • If a salaried partner expresses gratitude that the equity partners feel him or her to be central to the future success of the firm, but also says that (s)he is not so flush with cash as to permit an interest free £20k loan to the firm, when a pension contribution with tax relief is more attractive, what happens?

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