Herbert Smith is set to overhaul its rigid lockstep structure, as merger talks with Australia’s Freehills bring forward a consultation on whether the firm should introduce a more flexible system. The firm is expected to begin reviewing its lockstep in the coming weeks, with changes to be considered in light of its potential merger with Freehills, which operates a modified lockstep heavily linked to individual performance.
March 08, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Freehills merger talks prompt firm to consider modified lockstep
Herbert Smith is set to overhaul its rigid lockstep structure, as merger talks with Australia’s Freehills bring forward a consultation on whether the firm should introduce a more flexible system.
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