Anything DLA Piper or Olswang can do, Field Fisher Waterhouse (FFW) can do at least as well.
That’s the gist of the London firm’s streamlining of its equity structure. Field Fisher has now ditched its former structure of three classes of partner – full equity, fixed share and salaried – in favour of a distinctly zeitgeisty two.
As we report today, the move has given FFW a broader capital base, with investment in the firm coming from a larger number of partners. Handy with a merger possibly just around the corner with Osborne Clarke.
That deal would create a new top 20 outfit with a combined turnover of roughly £200m. Plus, thanks to FFW’s new partnership structure, a heck of a lot more cash sloshing around.
Also on TheLawyer.com:
- Earlier this year, Eversheds announced that its priority for the next three years was to create a unified standard among its international offices. One way it’s going to get that done is by seconding some of its top UK partners abroad
- Sullivan & Cromwell partner Louise Delahunty opines whether rewards for whistleblowers could turn employees mercenary, approaching authorities with issues before their own companies
- The Lawyer’s feature this week looks at which firms are making the most of their office space and which have the equivalent of a giant millstone hanging from their necks