Field Fisher Waterhouse (FFW) and Baker & McKenzie have become the latest firms to ask junior partners to contribute capital in response to upcoming changes to how partnerships will be taxed.
March 05, 2014 at 07:23 PM
1 minute read
The original version of this story was published on Legalweek
Field Fisher Waterhouse (FFW) and Baker & McKenzie have become the latest firms to ask junior partners to contribute capital in response to upcoming changes to how partnerships will be taxed.
Baker & McKenzie is asking approximately 25 non-equity partners in its London office to contribute just above a quarter of expected annual earnings, in order to exempt them from employee status.
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