Legacy Richards Butler salaried partners at Reed Smith are to have 20 percent of their annual pay held back at the start of next year, as part of a package of measures designed to tie them into the firm and bill more quickly. The salaried partners will be paid the final portion of their remuneration at the end of the year. “Since we introduced this system we have improved our performance in terms of getting bills collected,” says partner Michael Pollack. But the move has been criticized by other partners.
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