Traditionally the most static tranche of partnership, this has now become as volatile as the others. As firms jostle for market positioning in an ever-increasingly competitive market place, full equity partners often wonder whether theirs is the best platform from which to further develop their practice.
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Increasingly, fixed share partners have replaced the more traditional salaried partners. Fixed share partners receive a fixed, or guaranteed draw, together with a token number of equity points and, often, substantial bonuses. This is the most popular entry point for lateral hire, often not requiring a full vote.
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Senior associates looking for partnership are facing difficult choices, and we have an experienced team to help them navigate through all of them. Partnership is but a beginning - not an end in itself. The choice of platform is paramount.
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Our specialist mergers team has successfully brokered many of the deals behind the headlines.
We are experienced in dealing with the spin-out resulting from firm dissolutions as well as team moves of all sizes from a single partner with a couple of assistants to an entire department.
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