In addition to removing a cap on how much of the firm's profits can go into a merit pool the firm has also ushered in powers to bring in an external CEO
October 26, 2017 at 09:04 AM
1 minute read
DAC Beachcroft (DACB) has voted through changes that will make partner pay more flexible, as part of an overhaul of its members agreement.
The change, which is one of a number voted through by partners following a far-reaching governance review, will make it easier for DACB to better reward high-performing partners by removing a cap on how much of the firm’s profits can go into its ‘merit pool’, paving the way for larger partner bonuses.
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