Linklaters is set to shake up its lockstep system, following the likes of U.K. rivals Allen & Overy and Freshfields Bruckhaus Deringer, as the set contends with the ever increasing threat from U.S. firms and their deep pockets.

Linklaters is currently considering a “variety of proposals”, which will be put to the partnership within the current financial year, according to two people at the firm. The new proposals are designed to make the present system “more entrepreneurial and more flexible”, one German partner at the firm said.