Herbert Smith Freehills (HSF) partners are voting on a single remuneration structure, which includes steps to protect the firm’s Asian and Australian partnership by enabling top performers to break away from its lockstep.
The vote on the new system closes tomorrow (4 December) or Thursday depending on jurisdiction and needs a 75% majority from at least one of the partnerships to secure approval. Provided the quorum is reached on one side, a lower threshold is required by the other partnership, understood to be 50-60%.
