Mishcon de Reya is set to bring all partners into the equity and convert to a limited liability partnership at the end of autumn 2015. The proposed new model will constitute a marked shift from the firm’s current structure, which consists of legal directors, junior (or fixed-share) partners and senior (equity) partners.
The transformation will see every partner become a form of equity partner, the current 37 become ‘senior equity partners’ and junior partners will be ‘junior equity partners’.
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