Top-tier law firm King & Wood Mallesons amended its partner remuneration structure earlier this year, in a move that allows high-performing partners to draw a greater share of the firm’s profits.

Under the revised model, which was voted on by partners in June and is the first meaningful change to the firm’s system in a decade, equity allocations have been stretched at the top of the ladder, creating a larger gap between the highest-earning lawyers and the rest of the partnership.