True Partnerships Reward Partner-Like Behavior

A true partnership requires a compensation structure that rewards partner-like behavior — collegiality, mentoring, expansion and transition of client relationships to fellow partners, and a consensus to pursue long-term strategies promoting institutional stability rather than maximizing short-term profit metrics.

5 minute read January 01, 2017 at 06:03 AM
By
Steven J. Harper
True Partnerships Reward Partner-Like Behavior

King & Wood Mallesons (KWM) was never really a law firm. For starters, it was a verein — a structure that allowed three distinct firms to create a branding opportunity — King & Wood in China, Mallesons in Australia, and SJ Berwin in the United Kingdom.

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