This replaces the current system where partners are allocated an annual bonus payment based on performance over the year.

The new bonus pool will also be more flexible, encompassing a range of four to eight per cent of the group’s profit.

A 'mini-lockstep' process has also been introduced, where newly promoted partners will move up a band a year for their first three years in the partnership.

DLA Piper co-chief executive Simon Levine said this step would give “comfort and support” to new partners currently building their business.