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1. Parties: Identification of the partnership/firm and the incoming salaried partner
2. Background: Context of the agreement and brief description of the firm and the purpose of appointing the salaried partner
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment as salaried partner and duration of the agreement
5. Status and Duties: Role, responsibilities, and scope of authority as a salaried partner
6. Commitment and Time Dedication: Expected working hours, exclusivity, and commitment to the firm
7. Remuneration and Benefits: Salary, profit share (if any), benefits, and payment terms
8. Expenses and Resources: Provision of resources and reimbursement of business expenses
9. Leave Entitlements: Annual leave, sick leave, and other types of permitted absence
10. Professional Requirements: Professional standards, qualifications, and ongoing requirements
11. Confidentiality: Obligations regarding firm and client confidential information
12. Intellectual Property: Ownership and rights over work product and firm IP
13. Restrictions and Covenants: Non-compete, non-solicitation, and other restrictive covenants
14. Termination: Grounds and procedures for termination of the agreement
15. Post-Termination Obligations: Continuing obligations after agreement termination
16. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement
1. International Assignments: Required if the salaried partner may be assigned to work in other jurisdictions
2. Client Development Responsibilities: Include if the partner has specific business development targets or responsibilities
3. Management Responsibilities: Include if the partner will have specific management or supervisory duties
4. Professional Indemnity: Required if separate professional indemnity arrangements apply to the salaried partner
5. Equity Partnership Track: Include if there is a defined path to equity partnership
6. Severance Arrangements: Include if specific severance terms are offered beyond statutory requirements
7. Alternative Dispute Resolution: Include if specific dispute resolution procedures are preferred over court proceedings
1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, benefits, and any variable compensation
2. Schedule 2 - Performance Metrics: Specific KPIs, targets, and performance evaluation criteria
3. Schedule 3 - Position Description: Detailed description of roles, responsibilities, and reporting lines
4. Schedule 4 - Firm Policies: List of applicable firm policies and procedures
5. Schedule 5 - Benefits Summary: Details of insurance, pension, and other benefits
6. Appendix A - Restricted Clients: List of clients subject to non-solicitation restrictions
7. Appendix B - Approved External Appointments: List of pre-approved directorships or external positions
Legal Services
Accounting and Audit
Management Consulting
Architecture
Engineering
Medical Practice
Financial Services
Real Estate
Tax Advisory
Business Advisory
Legal
Human Resources
Partnership Board
Executive Committee
Senior Management
Corporate Governance
Compliance
Professional Standards
Partner Relations
Talent Management
Salaried Partner
Non-Equity Partner
Junior Partner
Associate Partner
Fixed Share Partner
Senior Associate
Director
Principal
Senior Manager
Managing Associate
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