Seddons rolls out commission-only pay

News Article - 19/01/2012 : commission, pay structures, seddons, Finance, Finance

West End firm Seddons has become the latest firm to offer commission-only pay deals for lawyers as part of a trend that would have been unthinkable before the recession.

Seddons now employs a handful of consultants who have no basic salary...

Executive pay tops £1bn a year, survey reveals

News Article - 19/01/2012 : pay structures, Human Resources, Human Resources

FTSE 100 full - and part-time executives shared between them salaries of more than £1bn, the Guardian's annual boardroom pay survey has revealed.

Basic salaries leapt by 10% last year - more than three times the 3.1% average pay rise...

Partners back move to merit-based pay

News Article - 19/01/2012 : ashurst, freshfields bruckhaus deringer, Norton Rose, pay structures, Finance, Finance

The majority of partners believe that lockstep is no longer the right pay model for associates, as support grows for merit or compentency-based systems.

Leading law firms are set to move substantially towards a merit-driven pay...

Field Fisher to implement merit-based pay system for associates

News Article - 19/01/2012 : field fisher waterhouse, flexible working, pay structures, Finance, Finance

Field Fisher gears up for a competency-based pay model and concludes its review of flexible working

Field Fisher Waterhouse will move away from paying its associates based on post-qualified experience (PQE) from the start of the...

DLA Piper debates partner update as PwC unveils initial report

News Article - 19/01/2012 : dla piper, pay structures, pwc, Finance, Finance, Human Resources

PwC report to provide basis for debate on partnership overhaul

DLA Piper is gearing up to consult with partners over broad-ranging proposals to overhaul its partnership and remuneration structure.

The firm is set to go to...

Addleshaws set to overhaul bonus model for salaried partners

News Article - 19/01/2012 : addleshaw goddard, bonuses, pay structures, Finance, Finance, Human Resources

Addleshaw Goddard is set to overhaul its salaried partner bonus scheme in a move expected to see the firm scrapping the firmwide performance element in favour of a scheme focused purely on individual performance.

The national law firm is...

Barlows overhauls partner pay system with new merit-based focus

News Article - 19/01/2012 : barlow lyde & gilbert, lockstep, pay structures, Finance, Finance

Barlow Lyde & Gilbert (BLG) is to ditch its modified lockstep in favour of a merit-based pay system for the firm's partners.

The overhaul will also affect associate salaries as the firm becomes the latest to move away a salary model...

Trio of major firms look to usher in merit-driven pay

News Article - 19/01/2012 : cms cameron mckenna, eversheds, pay structures, simmons & simmons, Finance, Finance, Human Resources

CMS Cameron McKenna, Eversheds and Simmons & Simmons have launched reviews expected to usher in merit-driven pay for assistants.

The trio are mid-way through consultations that could see new pay structures in place by the next...

DLA abandons US associate lockstep in move to performance-based pay

News Article - 19/01/2012 : billing, dla piper, lockstep, pay structures, Finance, Finance

DLA Piper has released details of a new associate pay model that is set to throw out lockstep in favour of a performance-based system, reports The National Law Journal.

The plan will do away with minimum billable hour requirements and pay...

Olswang to review pay as firm prepares for managing and senior partner elections

News Article - 19/01/2012 : olswang, pay review, pay structures, Finance, Finance

Olswang is gearing up for a series of management elections and a wholesale review of its strategy.

The City firm is preparing to hold elections for its managing and senior partner positions as well as all of its practice group heads in the...

HR gender pay gap of 15% is higher than national figure

News Article - 19/01/2012 : equality, hr staff, pay structures, Finance, Finance, Human Resources

The gender pay gap in HR is 15.1% - higher than the national figure, Personnel Today can exclusively reveal.

Payroll data taken from 130 organisations, covering 7,147 HR employees, has found the overall gender pay gap within the HR...

City firms incite cynicism with shift towards meritocratic remuneration

News Article - 19/01/2012 : city law firms, lockstep, pay structures, Finance, Finance

City law firms are being accused of taking advantage of the economic downturn by slashing associate pay as they move away from the lockstep model.

Several firms have already abandoned the system, with more understood to be undergoing a...

Pay inequality still rife in British workplaces

News Article - 19/01/2012 : equality, gender pay, pay structures, Human Resources, Human Resources

British workers still face high levels of pay inequality, according to a report from the independent National Equality Panel.

The gulf between high and low earners is bigger than in most other industrialised countries and wider than 30...

Simmons puts forward proposals to usher in merit-driven pay regime for assistants

News Article - 19/01/2012 : lockstep, pay structures, simmons & simmons, Finance, Finance

Simmons & Simmons looks set to press ahead with an overhaul of its associate pay model with plans to abandon the post-qualification experience system in favour of a merit-driven regime.

The proposals will be put before the firm's...