The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
South West firm TLT Solicitors is consulting with partners about overhauling the firm’s lockstep to adopt a more merit-based system.
Under the current system the firm’s partners typically enter the lockstep on 50 points and progress up to 100 points over a four-year period.
A small portion of remuneration is linked to performance.
Managing partner David Pester said the firm would work towards implementing a system that is aligned more closely with partner performance rather than lockstep. This is expected to take up to three years to implement, but will be designed to better remunerate partners.