Italy's Bonelli Erede Pappalardo has reshaped its partnership and elected a new compensation committee following its partner conference last month. The firm plans to phase out its junior partner rank by moving the group into the equity. The decision will see 13 junior partners become equity partners from 1 January, taking the equity partnership to 51. They will be paid based entirely on profit share rather than under the current structure, which sees them receive a fixed salary as well as a share of the firm's profits based on performance.
December 07, 2010 at 01:57 AM
1 minute read
The original version of this story was published on Legalweek
Italian independent to phase out junior rank in favour of profit share
Italy’s Bonelli Erede Pappalardo has reshaped its partnership and elected a new compensation committee following its partner conference last month.
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