HSF votes through new merit-based remuneration structure
Herbert Smith Freehills partners have approved details of its new partner remuneration system, introducing a managed lockstep with a strong merit-based element. The new system, which will come into effect at the start of the 2014-15 financial year will see the introduction of a "balanced scorecard" by which the firm will assess partners' performance. The scorecard will take into account a number of factors including financial performance and business development, engagement with staff, client servicing and contribution to the success of others.
Herbert Smith Freehills partners have approved details of its new partner remuneration system, introducing a managed lockstep with a strong merit-based element.
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