Patterns of profit-sharing in professional firms

Article Abstract:

New approaches to profit-sharing seem to be relatively rare among professional firms, according to research focusing on UK law firms. These innovations are only loosely linked with wider shifts in approaches to partnership management. The traditional lock-step method of profit-sharing remains much more popular than performance-based systems, and there are generally not close connections between a partner's share of profits and individual performance. Where there is a performance element of profit-sharing, then there is generally tighter financial control over individual partners.

Profit Sharing, Analysis, Executive compensation

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Technical innovation and competitive advantage in retail financial services: a case study of change and industry response

Article Abstract:

A nationally integrated cheque processing system has been successfully implemented at Midland Bank in Britain. The latest information technology data processing system provides the bank's back office operation with innovative processing for district service centres. Other banks have declined to copy the processing, despite its cost effectiveness and efficiency improvements, because they have had pressing issues of debt management to address.

Electronic computers, Electronic Computer Manufacturing, Bank Automation Systems, Innovations, Information technology, Computer applications, Bank automation, Midland Bank

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Archetype change in professional organizations: survey evidence from large law firms

Article Abstract:

Researchers examine the proposition that the conventional archetype of the professional partnership may have changed into a more "business-like" entity, i.e., the managed professional business. A finding of the research is that archetype change has to be distinguished theoretically from the general phenomenon of greater managerialism within the professional service company. British law firms were surveyed.

United States, Science & research, Partnerships, Research, Surveys, Law firms, Partnership

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