Simmons & Simmons dumps bonus scheme after just one year

Simmons & Simmons is overhauling the non-equity partner bonus scheme it introduced at the beginning of the 2008-09 financial year after not one person waspaid under the arrangement. The firm has put in place a new package for London-based partners that will assess individual performances over five different areas. It is also linked directly to the office’s performance. The firm’s 98 salaried partners did not receive bonuses under the previous scheme because it was dependent on the firm hitting budget.

Simmons & Simmons dumps bonus scheme after just one year thelawyer.com Tue, Jan 26, 2010