Baker McKenzie moves to create EMEA profit pool
The firm has created one profit centre from eight EMEA offices to be headed up by global antitrust partner Fiona Carlin.
Baker McKenzie has moved to integrate eight of its offices into one profit pool. The move will see London, Brussels, Amsterdam, Stockholm, Madrid, Bahrain, Qatar and Johannesburg integrated financially as part of a longterm strategy to turn the firm's 77 offices into three profit centres. The European structure will go live on 1 July headed up by global antitrust head Fiona Carlin who was elected to the position. The new structure will see Baker McKenzie have four separate profit pools in Europe. The firm’s Frankfurt, Munich, Berlin, Duesseldorf and Austria offices share profits whilst Russia is part of an integrated group with Ukraine, Kazakhstan and Azerbaijan. Meanwhile the Paris arm is currently integrated with Luxembourg. The move towards greater integration has been on the firm's agenda for some time with aims to create a regional profit pools and a global remuneration model by 2020.