Blake Lapthorn is to phase out its salaried partner rank after just under three-quarters of the firm's salaried partners agreed to contribute cash and take on fixed-share status. Thirty-five of the firm's 48 salaried partners have agreed to become fixed-share partners as Blake Lapthorn moves to cut fixed costs and restructure its partnership before converting to a limited liability partnership (LLP) in 2010.
November 17, 2009 at 03:01 AM
1 minute read
The original version of this story was published on Legalweek
Blake Lapthorn is to phase out its salaried partner rank after just under three-quarters of the firm’s salaried partners agreed to contribute cash and take on fixed-share status.
Thirty-five of the firm’s 48 salaried partners have agreed to become fixed-share partners as Blake Lapthorn moves to cut fixed costs and restructure its partnership before converting to a limited liability partnership (LLP) in 2010.
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