Salaried Partnerships: The Good, the Bad and the Ugly (Edge International)

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The 2012 Edge International Global Partner Compensation System Survey highlighted that appointments of salaried partners are increasing. These are lawyers appointed partner and paid a fixed amount in money or an amount of money based on a fixed percentage share - sometimes termed "fixed equity". A majority of surveyed firms use the salaried partner regime and the trend is anticipated to continue.

I favour the salaried partner regime provided it is properly introduced and managed. It can be a powerful financial engine of a firm, building a strong foundation for future success - motivated young lawyers, providing for leadership and partnership succession and encouraging the right behaviours.

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