McGrigors de-equitises partners after review
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.
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