Addleshaw Goddard plans to widen the gap between the top and bottom of the equity through partner bonuses and more flexible use of its existing lockstep structure to hit its recently announced target of getting star performers up to £1m a year by 2019.
Managing partner John Joyce confirmed that the goal, set as part of a new five year strategy, will be met by widening the equity spread to better reward top performers, rather than by focusing on significantly raising average profit per equity partner (PEP).
