Equity partners at Ashurst will have to pay an annual capital sum into the firm from this autumn, as part of a new financial structure which will eventually align it with Australia merger partner Blake Dawson.
The firm currently holds back a percentage of partner income each year, which is transferred to a capital account. Under the new structure, capital injections from partners will depend on the number of equity points they hold.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]