Bedeviled by poor financial performance and continued partner exits, U.K. giant Ashurst is changing how it pays its partners. Partners at the London-based firm have voted to extend its lockstep and introduce a bonus pool in an attempt to better attract and retain top talent.
“It’s about creating a higher performance culture,” Ashurst managing partner Paul Jenkins told sibling publication Legal Week. “People realize that if they work hard, they will be rewarded.”
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