Where the firm provides client work opportunities for our partners resulting from our business development activities, a 15% deduction is made from the practising partner’s relevant fees for matters instructed during the first 12 months of the relevant client relationship.
Beyond the first 12 months, should the relationship continue, that client is considered part of the partner’s practice and no further referral fees are payable on any new matters for that client.
Where partners refer work from one of their own clients to another partner, the referring partner is entitled to 15% of the billings for that work (leaving the partner who performs the work typically with about 70% of the fees).
