Treatment of Senior Partners of Law Firm after Retirement

The following is a real case. The meeting of senior partners of Guo Xin Institute passed a resolution to set up a special fund for retirement allowance for senior partners, which consists of three parts: business income of Guo Xin Institute, annual fixed allocation of 300,000 yuan and financial management income of the special fund. In order to institutionalize the retirement allowance for senior partners in Guo Xin Institute for a long time, Guo Xin Institute has specially formulated the Retirement Allowance System for Senior Partners, which has made detailed provisions on the source, nature and use, payment standards and financial management of special funds, providing a long-term and solid guarantee for Guo Xin to make good use of special funds and fully implement the retirement allowance for senior partners in the future. It is understood that Guo Xin may be the first law firm to set up a special fund and set up a retirement subsidy system for senior partners in Guangzhou law circle.

Holding the ceremony of issuing retirement allowance for senior partners is not only a respect and affirmation for the hard work of retired senior partners, but also the best interpretation of Guo Xin's practice of people-oriented core culture.