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Partnerships must evolve to become more entrepreneurial and collaborative, and this needs to be reflected in how profits are shared, the report said, noting that this is especially important during an economic downturn.
May 29, 2020 at 04:01 PM
1 minute read
Correspondent, Sydney
The highest-paid equity partners in a law firm receive on average between three and five times as much as the worst paid—a widening pay gap that threatens law firm cohesion, a recent survey has found.
The 2020 Equity Partner Contribution & Compensation by MHPR Advisors and Performance Leader also revealed that the vast majority of measures used to determine a partner’s compensation are production-related.
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