Lockstep is out of step with the way law firms really benefit

Article Abstract:

It has become increasingly common for UK law firms to move away from the traditional lockstep system of remunerating partners. Most recently, Simmons and Simmons has decided that 10% of its profits for 1997 will be distributed to partners on a performance-related basis, rising to 20% by 2000. The difficulty with performance-related remuneration systems is determining the contribution made by individual partners to the firm's overall profits. Some observers believe that the lockstep system fosters a strong team spirit, thus creating a better working environment.

Attorneys, Lawyers, Compensation and benefits

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In the scapegoat business

Article Abstract:

Law firms in London, England, have been heavily involved in commercial litigation work over recent years, but extremely large cases are now coming to an end. This is prompting firms to give attention to ways of reforming large-scale commercial litigation practice. Litigation lawyers are now more willing to consider arbitration, as this can save the client large sums of money. They are also looking at alternative dispute resolution, although only a small number of cases have been settled in this way so far.

Complex litigation

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Making legal history: Di's divorce lawyer and the poet

Article Abstract:

The appointment by law firm Mishcon de Reya of Lavinia Greenlaw as poet in residence is just one example of how poetry has started to become combined with the business world in the UK recently. Some lawyers at Mishcon de Reya were initially sceptical about the project, especially about the cost involved. However, they have now been convinced about the advantages of supporting the arts in this way. Greenlaw has encountered a range of reactions to poetry as she has met with the firm's staff.

Employment, Poets, Mishcon de Reya

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