Blake Lapthorn has joined the rank of firms looking to restructure their partnership, putting forward proposals to phase out its salaried partner rank. The firm is in talks with all 40 salaried partners about transferring to fixed-share partner status, a move which would help the firm cut costs and align its partnership before converting to limited liability status in May 2010.
September 30, 2009 at 06:42 AM
1 minute read
The original version of this story was published on Legalweek
Blake Lapthorn has joined the rank of firms looking to restructure their partnership, putting forward proposals to phase out its salaried partner rank.
The firm is in talks with all 40 salaried partners about transferring to fixed-share partner status, a move which would help the firm cut costs and align its partnership before converting to limited liability status in May 2010.
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