DLA Piper and Several Major UK Firms Cut Partner Payoutss
An American law firm—DLA Piper—is among several law firms identified in a British publication that are holding back or reducing partner profit distributions. DLA Piper continues to pay monthly distributions, but held back its quarterly distribution in August, Legal Week reports. The law firm pays quarterly distributions to partners only if targets are met at three levels—firmwide, by group and by the individual. The firm has not yet decided whether quarterly distributions will be paid in November.
DLA Piper and Several Major UK Firms Cut Partner Payoutss
abajournal.com
Fri, Oct 23, 2009