Australia's top law firms continue to move away from the equal profit-share model when it comes to rewarding partners, with the "eat what you kill" model gaining more traction.
The latest Australian Financial Review Law Partnership Survey also reveals that almost a third of partners are salaried, with that position becoming entrenched over the past five years.
Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
