Legal Services

Linklaters scraps partner pay clawback plans after backlash

The Magic Circle law firm wanted to hit leavers in the pocket after talent raids from US rivals, but has rowed back on the idea

Reforms were ‘never going to go through’ insiders say
Reforms were ‘never going to go through’ insiders say Photo: Carlos Jasso/Getty Images

Linklaters has scrapped plans to claw back profits from partners who join competitors after an internal backlash.

The Magic Circle law firm’s management floated proposals earlier this year to withhold profit distributions from partners who leave for rivals.

WSJ Logo