White & Case faces fresh revolt over partner compensation” />White & Case chairman Hugh Verrier is coming under increasing pressure this week to rejig the firm’s compensation structure for more junior partners in London in the wake of the dramatic resignations of Maurice Allen and Mike Goetz.
Verrier flew into London last weekend for a series of crisis meetings with staff. He was accompanied by global head of finance Eric Berg. As The Lawyer revealed yesterday, Berg will stay in London for the time being to shore up relationships with key clients such as Deutsche Bank.
The firm is currently in the throes of assessing partner compensation, with the final decisions being made by the end of next month – something which has put partner pay right at the top of the agenda in the firm’s embattled City office.
A White & Case source told The Lawyer: “We’re paid in dollars not sterling and we’re underpaid compared to our competitors. Something needs to be done.”
The issue is particularly sensitive given London’s lack of representation on the firm’s powerful partnership committee, which has the final say on remuneration across the firm.
White & Case declined to comment.