Norton Rose and Australian firm Deacons will operate two separate profit centers when the two firms merge in January next year. The firms will integrate practice lines and systems including IT, finance and HR, but partner remuneration will remain independent. Each firm will contribute profits from their respective pools into a shared account to be used for expenses and bonuses, with partners set to receive an annual bonus intended to encourage and reward integration.
June 26, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Norton Rose and Australian firm Deacons will operate two separate profit centers when the two firms merge in January next year.
The firms will integrate practice lines and systems including IT, finance and HR, however, partner remuneration will remain independent.
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