Watson Farley & Williams has revamped its remuneration structure in response to HM Revenue & Customs' (HMRC) overhaul of tax rules for professional partnerships.
May 27, 2014 at 06:47 AM
1 minute read
The original version of this story was published on Legalweek
Watson Farley & Williams has revamped its remuneration structure in response to HM Revenue & Customs’ (HMRC) overhaul of tax rules for professional partnerships.
The firm’s 20 fixed-share partners in London will put just over 20% of their earnings into a new fund. This will later be redistributed as year-end bonuses, conditional on the firm’s performance.
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