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Law firms and professional services

Partnership structures where remuneration, succession and long-term pension commitments are decided collectively.

Context

Partnerships carry a particular tension: the people who decide the remuneration model are the people it pays. Add long-dated retirement commitments, lateral hires and merger conversations, and technical advice has to be both defensible and politically realistic.

How we support this group

We quantify the existing arrangement, model the alternatives and present them in a form the partnership can vote on. Sensitive analysis stays with the management committee until the firm is ready to widen the conversation.

Typical challenges

  • A partner remuneration model that no longer matches how work is won and delivered
  • Retirement of founding partners without an agreed funding mechanism
  • Pension commitments that have never been valued actuarially
  • Reconciling two partner models in a merger

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