DLA Piper approves remuneration overhaul

By Stefanie Garber|07 February 2016
bonuses

International partners at DLA Piper have voted to introduce a points-based remuneration system and a mini-lockstep program across the firm.

The new structure – approved by 94 per cent of partners – will see a banded system introduced where partners are assigned points matched to a profit share, according to a report in Legal Business.

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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.

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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.

DLA Piper approves remuneration overhaul
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