FINANCIAL EXPRESS| Indian law firms on course correction to change structure

India’s legal landscape is undergoing an institutional shift as top law firms move away from individualistic "eat-what-you-kill" compensation. Moray McLaren is quoted on how Indian law firms are rethinking profit-sharing.

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Global law firm restructuring guru Moray McLaren,  Co-founder of UK-based Lexington Consultants, which works with several Indian and international law firms to steer change, tells FE, “globally, we are seeing a clear move away from purely individual, personal-production-based measures of success and profit division. Law firms are increasingly recognising group effort over individual effort, a firm-first rather than individual-first mindset, and the need to reward both financial and non-financial contributions to the partnership.”