DLA Piper co-chief Levine launches remuneration review
Co-chief executive Simon Levine launches remuneration review focused on cross-selling between sector groups
November 04, 2015 at 07:21 AM
2 minute read
DLA Piper is undertaking a review of its remuneration structure with the aim of implementing a system that fosters cross-selling and sector focus.
The review aims to create a system that encourages all partners across the firm to cross-sell each other's services and to build on the sector strategy approach that was also introduced on Levine's watch earlier this year.
DLA is looking at using an automated system to measure qualitative information that could then be factored into calculating partner pay as part of the review. This would mark a break from the current approach which focuses on the ownership of client relationships and how much partners bill.
Levine took over as co-chief executive officer in January 2015 alongside US partner Jay Rains.
Since then the two have launched a series of wide-ranging reviews of the firm's business, looking at issues such as sector approach, strategy and remuneration.
Following its review of its sector approach the firm slashed the number of core sectors its targets from 15 to seven.
It now focuses on real estate, insurance, banking and financial services, energy, life sciences, technology, and media, sports and entertainment.
The sector review was led by co-sector heads Jan Geert Meents and Ann Ford.
Both the sector and remuneration reforms are part of DLA's three year strategy, which is focused on improving integration, implementation and value.
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