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High performers to reap the profits following Magic Circle firm’s pay reforms

Professional Services Correspondent

Top performing partners at Linklaters are set to take home more than £4m this year following a shake-up of the Magic Circle law firm’s lockstep pay structure.

The firm announced in December that its partners had voted through changes to better reward partners “who make an exceptional contribution”, marking a shift away from the current structure that rewards partners based on the number of years they have worked, regardless of how much business they bring into the firm.

Linklaters’ top partners to take home £4m+ after lockstep shake-up

James Booth

Business

Investing

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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Global Markets Rise After U.S. and EU Reach Deal

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