London-based Simmons & Simmons is set to finalize its move to a three-tier partnership this month. Overhauling its traditional route to partnership, the firm will now first promote all of its associates into a fixed-share partnership rank, which is not expected to contribute capital.
July 19, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
London-based Simmons & Simmons is set to finalize its move to a three-tier partnership later this month, with the firm overhauling its traditional route to partnership.
The overhaul means the firm will now promote all of its associates into a fixed-share partnership rank — abandoning the previous system that saw associates first become salaried partners or occasionally go straight into the equity.
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