McGrigors forms new bonus scheme

Robert Glennie, the firm’s London-based senior partner, said that the firm is introducing the new model because the current bonus scheme is too complicated. At the moment, the firm runs two bonus schemes, one for qualified lawyers and the other for non-lawyers.
The current scheme for qualified lawyers is based on a mixture of individual contributions, such as billable hours and the performance of the lawyer’s practice group. Non-lawyers bonuses are based on a shareout of surpluses in the annual budget.
The firm is moving to a practice-based bonus structure, although lawyers will also be remunerated, probably in small part, for their individual contributions.
The scheme is yet to be finalised.