Slaughters forfeits £11m fee

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The story so far

The Lawyer reported last week that Linklaters and Berwin Leighton Paisner have de-equitised some of their partners to save money. De-equitising happens in ‘lockstep’ firms, where equity partners, through longevity and expertise, enjoy a set position in a profit-sharing hierarchy. Partners who are de-equitised are demoted down the ladder, thereby receiving less of the firm’s […]

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