Private Equity May Reshape US Lawyer Compensation, Say Law Firm Bosses
UKPulse Money Desk
Law firm executives suggest private equity ownership could transform how US lawyers are paid, potentially through new equity incentive plans.
- Private equity could revolutionise US lawyer pay.
- Law firm bosses believe a new ownership model will allow them to attract partners.
- Equity incentive plans are seen as a way to lure partners.
Law firm executives are suggesting that private equity ownership could bring about a significant change in how lawyers in the US are compensated. According to bosses at law firms, this new ownership model has the potential to allow them to attract partners.
Executives from Massumi + Consoli reportedly believe that equity incentive plans could be used to lure partners under this new structure.