Edge International is pleased to announce the release of its 2015 Global Partner Compensation System Survey, authored by Edge International partners Ed Wesemann and Nick Jarrett-Kerr. This is the fourth triennial survey that we have conducted (the first was published in 2006) with a view to gaining an understanding of differences in firms’ approaches to compensation by nationality over time.
The authors write, “The result of this year’s survey was precisely what we anticipated. The basis and process used to compensate partners is continuing to follow the trend we saw from 2006 to 2012 in that they are becoming increasingly harmonized among law firms around the world. However, there continues to be some interesting cultural differences.”
Wesemann and Jarrett-Kerr go on to outline those cultural differences, which include the greater use of subjective compensation systems in Canada and the U.S. than in other countries, and a preference for a “lockstep system” of compensation everywhere in the world but North America. They then provide a detailed analysis of the results of the survey.
I invite you to download this interesting and useful document either from the links on this page, or directly from the Edge International website, where you can simply click on the red banner.
You are welcome to comment on this new publication, or on any other matter, in the comments section below, or to contact me directly via email.