Pay offs for departing executives in any sector causes many a comms headache. In the legal sector in the US however, there is an increasing trend for bonus payments to be delayed to discourage staff from leaving.
A trend we could see here in the UK and wider European offices soon? It would certainly help when communicating issues around poor performance to be able to say people haven't been rewarded for failure. One to watch......
In the past few years, a growing number of law firms that have delayed distributions of prior year pay sometimes as late into the following year as June. Some firms have lengthened the time they will take to pay back capital to departing partners to as much as four or more years, and have amended partnership agreements to limit a partner’s earnings to whatever their draws were at the time of departure, forcing departing partners to forfeit unpaid distributions that would have come out of year-end profits.
http://www.law.com/sites/almstaff/2016/06/06/firms-increasingly-making-partners-pay-to-leave/
unknownx500
