Travers Smith has extended the amount of time partners must serve on salaried status before being elevated to the full equity rank. The firm has increased the amount of time fixed-share partners will spend in the role before joining the equity from three years to four. The decision has taken effect from the current financial year, with Travers' latest partner promotions placed on the four-year track, while the time spent by those already on the fixed-share ladder will remain unchanged.
September 05, 2011 at 06:21 AM
1 minute read
The original version of this story was published on Legalweek
Travers Smith has extended the amount of time partners must serve on salaried status before being elevated to the full equity rank.
The firm has increased the amount of time fixed-share partners will spend in the role before joining the equity from three years to four. The decision has taken effect from the current financial year, with Travers’ latest partner promotions placed on the four-year track, while the time spent by those already on the fixed-share ladder will remain unchanged.
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