Photo: Graf Vishenka/Adobe stock The Future of Partner Compensation: How Profit-Sharing Systems Shape the Firm's Culture and Success
The likes of Paul Weiss and Linklaters have to decide on a remuneration system that reflects their culture and strategic objectives.
February 14, 2024 at 10:19 AM
5 minute read
Lawyer Compensation - General
It has been reported that Paul Weiss Rifkind Wharton & Garrison has moved to a 'black box' style profit sharing system. A black box system allows the firm to allocate profits between partners confidentially. In short, no-one knows what anyone else is being paid.
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