Hugessen Consulting Inc.’s Post

Lexology In-Depth: Executive Remuneration, edition 13 by Jens Hafemann  and Michael Brems of Cleary Gottlieb Steen & Hamilton LLP, is now available on Lexology: https://lnkd.in/g-uTa2hN In-Depth: Executive Remuneration (formerly The Executive Remuneration Review) is a global overview of the most critical areas of law affecting executive remuneration – including tax, employment, securities and other aspects of corporate law. With a focus on recent developments in key jurisdictions, it analyses the practical effects of the various rules and regulations governing the employment of both newly hired and transferring executives.

The Companies Amendments Act has been assented into law. Do you know how this impacts your company, disclosures, and your duties as a director? Among the new requirements, the law requires the preparation of a remuneration policy, implementation report and specific remuneration disclosures by all public and state-owned companies in respect of the previous financial year. The court is also empowered to validate the creation, allotment or issue of share capital. https://lnkd.in/drhmsXgj. #Directors #CorporateGovernance #BoardGovernance

Mastering the Art of Compensation: A Guide for Law Firms https://bit.ly/3T1340I

Curious about commitments in Big Law?  Join our forum discussion to explore the ins and outs of employment terms and contracts in prestigious law firms. Gain insights into career paths and contractual obligations in the legal industry! https://lnkd.in/gxZt7uJq #BigLaw #LegalCareer #EmploymentContract #LawForum

“Super-pointer.” In the world of corporate law, there’s no higher accolade. Yesterday, Law.com International revealed that A&O Shearman is introducing a 3-level modified lockstep pay system, with a top ‘super’ rung reserved only for the best revenue-generating partners. A big move by a big firm. But it’s not a new concept. Years ago, rivals like Freshfields broke their traditional ‘lockstep’ pay models (by which partner pay increases by guaranteed increments year on year) to enable them to hire and pay outsized ‘above lockstep’ salaries to the industry’s elite moneymakers. It’s as ambitious as it is controversial. Why? A couple of reasons. Many argue it upends traditions sometimes cultivated over a hundred years or more. Collegiality sacrificed for individualism. Collaboration abandoned. Constant quibbles over deal credit. A culture of high earners under pressure to meet their revenue promises. And it’s rare to see partners eligible for ‘super-pointer’ status outside of the U.S. or the U.K., possibly underlining that elite status at a firm is linked more to high charge-out rates than to quality. Others say the model is essential for breaking into new sectors and drawing the biggest and best clients. What do you think? Read Habiba Cullen-Jafar’s fantastic exclusive here: https://lnkd.in/ezPKkGgg Pic: A&O Shearman’s leaders. #law #lawfirms #pay #corporatelaw #lawyers

Are law firms’ new compensation strategies a true game changer or just a temporary fix? Top firms are overhauling their pay structures to lure lateral hires. Paul, Weiss and Cravath, Swaine & Moore are embracing nonequity partners, expanding bonus pools, and adopting “black box” models. These changes aim to reflect economic contributions and stay competitive. But there’s skepticism. Will financial incentives alone drive better performance? Some argue that focusing on firm culture and work-life balance is equally crucial. The legal industry is at a crossroads, balancing traditional values with modern demands. As firms navigate this landscape, the question remains: will these compensation changes be enough to attract and retain top talent? For a detailed analysis, read “Chasing Higher Performance: Top Firms Are Refreshing Comp Systems to Court Laterals” by Justin Henry on Law.com. https://lnkd.in/gT8kuEPX

PUBLICATION | Employee Share Plans in France: Overview - Practical Law This year, we were once again invited by Thomson Reuters to contribute to the update of the guide "Employee Share Plans in France: Overview - Practical Law". We are delighted to have participated in this important resource. Our experts, Gilles Jolivet and Alexandre Latte (Employment Law), alongside Agnes Charpenet and Emilie Suryasumirat (Baker McKenzie Tax), have brought their extensive knowledge and expertise to this guide. Find out more at https://lnkd.in/ed-2etGD #BakerMcKenzie #ThomsonReuters #EmploymentLaw #Tax #Expertise #lawfirm

📣On our second in the series of #AutumnBudget predictions, Senior Accountant, David Crossley reviews possible employment law changes and how they may impact your business? 🔗 https://lnkd.in/ee3H8KrH #AutumnBudget #EmploymentLaw #UKBiz #UKBusinesses #Compliance #BusinessImpact #TAX

Aligning Compensation with Strategic Vision: A Guided Framework for Law Firms https://bit.ly/4cc8r4u

Learn how Corridor, Abbiss Cadres' bespoke service for professional service firms, gives you access to a comprehensive range of HR-facing legal, tax, consulting and communications expertise in order to help you help your clients. Read more: https://lnkd.in/entyCFK2 - #HR #BusinessSupport #GlobalMobility #legalhelp #BusinessImmigrationLawyer #Lawyer #Mediation #MediationSpecialists #PensionLawAdvice #TaxCompliance #PayrollTaxes #TaxLaw #HRCompliance #TaxUpdates #EmployeeBenefits #TaxPlanning