Skip to main content

Consulting for Law Firms

Partner remuneration, succession and pension arrangements built for partnership structures

A law firm is not a company with a different name on the door. Profit is shared rather than paid, senior partners hold both economic and cultural authority, and pension or retirement commitments can sit on the partnership for decades. Advice that ignores those mechanics does not survive the first partners' meeting.

The client challenge

  • The partner remuneration model no longer reflects how value is actually created across practices.
  • Founding partners are approaching retirement without an agreed transition or funding mechanism.
  • A pension commitment to current and former partners has never been actuarially tested.
  • A merger or lateral team move requires two different partner models to be reconciled.

How Workganics helps

We quantify the current arrangement before proposing a new one: what each partner receives today, what the firm has committed to in the future, and what those commitments cost under realistic assumptions. Options are then modelled so the partnership can decide with numbers in front of it.

Areas of support

  • Partner remuneration
  • Succession programmes
  • Retirement planning
  • Functional restructuring
  • Support for mergers and acquisitions
  • Actuarial services
  • Pension-system feasibility studies

Typical deliverables

  • Review and redesign of the partner remuneration model
  • Actuarial valuation of partner pension and retirement commitments
  • Feasibility study for a new or revised pension arrangement
  • Partner succession and transition roadmap
  • Financial modelling to support merger discussions

Who this is for

  • Managing partners and management committees
  • Partner compensation committees
  • Founding and senior partners planning retirement
  • Firms in merger, integration or restructuring processes

The consulting approach

Discreet by default. Partner-level work is handled directly with the management committee, with modelling detailed enough to withstand scrutiny from partners who are themselves professional advisers.

Related audiences

Resources

Related insights

Contact

Let's discuss what your organisation needs next.

Every conversation is confidential and without obligation.