Simmons & Simmons did not pay any of its London non-equity partners a bonus last year, with the firm opting to overhaul its bonus system as a result. None of the firm's 41 City-based salaried partners qualified for a payout in 2008-09, as the bonus scheme was linked to the firm as a whole reaching its target budget, which was missed.
January 25, 2010 at 09:24 AM
1 minute read
The original version of this story was published on Legalweek
Simmons & Simmons did not pay any of its London non-equity partners a bonus last year, with the firm opting to overhaul its bonus system as a result.
None of the firm’s 41 City-based salaried partners qualified for a payout in 2008-09, as the bonus scheme was linked to the firm as a whole reaching its target budget, which was missed.
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