Ashton KCJ to move toward all-equity partnership
Ashton KCJ is set to do away with its two-tiered partnership model in favour of an all equity partnership with a modified lockstep system.
The firm - which was formed in early 2011 by the merger of regional firms Ashton Graham and Kester Cunningham John - currently has 17 fixed-share equity partners and 20 full equity partners.
The new model will see the two tiers combined, with current fixed-share partners making a capital contribution and receiving a larger share of the profits, while the current full equity partners’ contribution will remain the same. Partners will be paid with a system of profit sharing as well as merit based bonuses.