The new system will allow for greater variability of pay - possibly enabling high flyers to receive 15 or 30% more than they do now as a share of profits. The firm is seen as being slow to respond to talent raids by other firms which are able to offer high pay rates to lateral hires. It has recently, for instance, lost its global private equity head, Oliver Felsenstein, to Latham & Watkins. There are 581 partners in the practice. Source: Legal Business