Equity partners at Ashurst will have to pay an annual capital sum into the firm from this autumn, as part of a new financial structure which will eventually align it with Australia merger partner Blake Dawson. The firm currently holds back a percentage of partner income each year, which is transferred to a capital account. Under the new structure, capital injections from partners will depend on the number of equity points they hold.
September 10, 2012 at 05:31 AM
1 minute read
The original version of this story was published on Legalweek
Equity partners at Ashurst will have to pay an annual capital sum into the firm from this autumn, as part of a new financial structure which will eventually align it with Australia merger partner Blake Dawson.
The firm currently holds back a percentage of partner income each year, which is transferred to a capital account. Under the new structure, capital injections from partners will depend on the number of equity points they hold.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Truly exceptional Bergen County New Jersey Law Firm is growing and seeks strong plaintiff's personal injury Attorney with 5-7 years plaintif...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
