Norton Rose equity partners will see their profit share reallocated as part of an overhaul of the lockstep and the introduction of a more merit-based remuneration structure. The shift is intended to allow faster progression for high-achieving younger partners and to better reward star performers.
September 30, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Norton Rose equity partners will see their share of the firm’s profits re-based as part of an overhaul of the lockstep and the introduction of a more merit-based remuneration structure.
The shift, which was voted through by partners over the summer following a review by the partnership council, will see the firm extend its lockstep at the top and put greater weight on individual performance from the start of the new financial year in May 2012.
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