With its City rivals increasingly breaking their remuneration models for star hires, King & Wood Mallesons (KWM) has created a firm-wide remuneration pot to fund marquee hires across the world.
Intent on rebuilding its corporate department in London following a string of big-billing partner exits, the move will allow KWM to at least double the amount of money it can currently offer incoming partners and pay over £2m for top names.
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