Lovells Shakes Up Salaried Partner Bonus Ahead of Hogan Merger
Lovells is set to change the way it pays bonuses to its non-equity partners to bring them in line with merger partner Hogan & Hartson. The new system will see Lovells' salaried partners receive a fixed sum paid out of a central bonus pool directly related to the overall profits of the firm. The system will be phased in over a two-year period and ultimately lead to a bonus pool that amounts to 15 percent of the overall profits of the firm -- the percentage currently used by Hogan & Hartson.
