TITLE

Bromwich spurns Ashurst bonuses in costs war

AUTHOR(S)
Westacott, Gemma
PUB. DATE
July 2005
SOURCE
Lawyer;7/25/2005, Vol. 19 Issue 29, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that law firm Ashurst has reinstalled a bonus system for partners as an incentive to attract lateral hires and to reward its best performing partners, but has not used it in Great Britain. Financial performance for 2004-2005 revealed that average profit per equity partner at the firm was £567,000. Turnover increased two percent during 2004-2005 to reach £201 million.
ACCESSION #
20282632

 

Related Articles

  • Ashurst puts lockstep and equity structure under review. Moloney, Rachel // Lawyer (Online Edition);7/12/2016, p1 

    The article reports on the plan of the law firm Ashurst LLP to review its partner remuneration structure. It mentions the proposals, which will enable Ashurst to reward strong performing partners, introduce a bonus pool for the partnership, and award fixed share partners a higher share of the...

  • Slaughters gifts associates increased bonuses following strong 2014. Stanton, Natalie // Lawyer (Online Edition);12/1/2014, p1 

    The article reports on the decision of law firm Slaughter and May to give discretionary bonuses to associates, following the firm's strong performance in 2014. Associates with up to six months PQE experience will see their bonuses rise from 6 per cent of their salary to 7.5 per cent, while those...

  • Law firms celebrate good times with bonuses for associates. Gabriel, Frederick // Crain's New York Business;05/12/97, Vol. 13 Issue 19, p13 

    Reports that law firms in New York are recognizing the good work done by their executives, by paying out generous bonuses. Value of the bonuses; Bonuses which Dewey Ballantine paid to each of its executives; Bonuses extended to nonlegal staff; Ulterior motive for paying out generous bonuses.

  • STRANGE CURRENCY. Holton, Lisa // ABA Journal;Jan2004, Vol. 90 Issue 1, p20 

    Focuses on the bonus system of a law firm based in Saint Louis, Missouri founded by Tom Noonan. Approach in creating the incentive system; Concept of the system; Details on the team building initiative of Noonan.

  • Associates wait for payday - but magic circle bonus levels are anyone's guess. Ganz, Klan // Lawyer;5/19/2008, Vol. 22 Issue 20, p4 

    The article discusses the completion of the magic circle for conservative round of salary reviews and bonus announcements to associates' desks in Great Britain. The firms included in the magic circle bonuses are Allen & Overy LLP, Clifford Chance, Freshfields, and Linklaters. In addition, no...

  • Ashurst holds profits steady as revenue rises 6 per cent. Freedman, Joshua // Lawyer (Online Edition);7/4/2012, p7 

    The article reports that law firm Ashurst LLP has announced a 3 per cent increase in average profit per equity partner (PEP) for the 2011-2012 financial year. The firm posted a PEP figure of 744,000 pound, as compared to 723,000 pound in 2010-2011. As reported, net profit increased by 5 per cent...

  • Ashurst reveals 6 per cent H1 revenue slump. Freedman, Joshua // Lawyer (Online Edition);11/23/2012, p2 

    The article reports on the 6 percent like-for-like drop in revenues revealed by legal firm Ashurst LLP for the first half of the 2012/2013 financial year. It is inferred that the released figure is down 154 million British pounds for the first half of 2011/12 and includes income from the legacy...

  • Ashurst PEP falls 9 per cent as top of equity slumps below £1m. Freedman, Joshua // Lawyer (Online Edition);7/5/2013, p10 

    The article presents information on the financial performance of Ashurst LLP. Ashurst has posted a 9% drop in average profit per equity partner (PEP) for the 2012/13 alongside a roughly flat global revenue figure. Ashurst's net profit fell by 6% and the 2012/13 results were not significantly...

  • Ashurst reveals 23 per cent growth in PEP for last financial year. Griffiths, Catrin // Lawyer;6/19/2006, Vol. 20 Issue 24, p4 

    The article reports on the financial performance of Ashurst. The law firm has posted strong profits for the last financial year, with average profit per equity partner up 23 percent, a £701,000 compared with last year's £567,000. Top equity partners at Ashurst will be earning £875,000...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics