Big four Scots firm McGrigors has overhauled its partnership and remuneration structure, resulting in the de-equitisation of up to 10 partners.The firm spent six months carrying out a root-and-branch review of its 80-member partnership, cracking down on individual partner performance.The resulting de-equitisations span all of the firm's offices - including London, Edinburgh, Glasgow and Manchester.Underperforming partners were moved out of the 49-strong equity partnership with effect from 1 October - the firm's new financial year - moving to fixed-share status. At the same time the firm rewarded a number of highly-performing salaried partners by promoting them into the equity.
November 13, 2008 at 01:03 AM
1 minute read
The original version of this story was published on Legalweek
Renewed performance drive sees ambitious Scots leader shake up its equity partnership
Big four Scots firm McGrigors has overhauled its partnership and remuneration structure, resulting in the de-equitisation of up to 10 partners.
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