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Back to work! HWL Ebsworth float called off – The Australian Financial Review

No big payday, no end to the traditional partnership structure. It’s back to business.

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The big question, from day one, was how to split profit between incoming investors and the firm’s key lawyers. How to reward and incentivise the top performers, but still leave enough for the non-lawyer shareholders.
HWL Ebsworth’s top brass and bankers designed what they thought was the perfect profit share structure. Sixty per cent of annual profit would stay with the firm to reward staff, while 40 per cent would go to equity investors.
Project Royal
The structure also saw HWL partners agree to…

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