The depth of our experience in advising professional practices means that we deliver this advice as part of our integrated offering to professional practices.
We have seen a growth in demand for this advice, particularly in relation to mergers; alternative business structures; team moves and partner remuneration systems.
What advice can you offer to senior and managing partners?
The Fox Williams Professional Services Group includes a number of partners who have both advised senior and managing partners and who themselves have served on our partnership board. As such, we can offer insights and support in relation to nearly all aspects of the running of professional services business.
How do you help professional services firms with evaluating partner performance?
The combination of our leading employment advisory team together with our senior professional services group members allows us to offer insight into best practice for performance evaluation at all levels of professional services businesses. We can offer advice on encouraging positive behaviours and on how to deal with negative behaviours.
What is the best system for partner remuneration?
The detail of partner remuneration systems varies substantially between firms, but fundamentally range from wholly subjective systems (such as discretionary allocations) to objective systems (such as eat what you kill or lockstep), with most firms opting for some mixture of the two. We can advise on how best to tailor remuneration systems to match the firm’s wider business objectives.
