LexisNexis® Legal Newsroom
Time to Update Your Partnership Agreement? A Diagnostic Checklist

As my colleagues and I advise law firms on governance issues, such as managing the growth of the partnership, partner compensation, or capital requirements, we and our clients sometimes discover that it has been many years since the partnership agreement, partnership deed, by-laws, or other corporate...

GCs who report to the CEO are paid more, and a few thoughts on reasons why

Recent data has appeared on general counsel among the Fortune 250 who do or don't report to the CEO as well as the compensation differences between the two groups. The analysis comes from Equilar by way of a summary in Inside Counsel, Jan. 2010 at 42. A graphic shows that 204 general counsel of...

Building consensus in compensation: the Addleshaws case study

Another well-intentioned and innovative reform to a law firm's partner compensation system has been aborted. The senior management team at one of the United Kingdom's better-managed law firms, Addleshaw Goddard , has been forced, by what appears to be unexpectedly strong opposition from...