Travers Lawyers Unconvinced After ‘Black Box’ Bonus Scheme Roll Out
Written by Black Hot Fire Network on December 6, 2022
Travers Smith has overhauled its bonus structure, shifting to a discretionary, performance-based system, or what several people have described as a ‘black box’ model.
For a firm that has historically held fast to tradition, the shift to a performance-based bonus system represents a fiscal and cultural leap that has been met with uncertainty, despite the possibility of higher bonuses.
