A Phenomenological study of profit sharing and its likely impact in large Australian law firms

Neil Oakes, Andrew Heys, Steven Segal

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

Abstract

This paper reports on a qualitative study into profit sharing arrangements in large Australian law firms. Interviews with 19 managing partners and CEO's were conducted to ascertain the likely lived reality for those working under different sharing models. Rather than using a positivist correspondence theory of truth, hermeneutic phenomenology was used to explore the 'worlds' that 'open up' or 'close down' to firms as a result of a particular profit sharing methodology. Hermeneutic phenomenology is based on the belief that the particular assumptions that we hold allow us to see the world in certain ways while closing down other ways of seeing the world.
Original languageEnglish
Title of host publicationProceedings of the 27th ANZAM Conference 2013
Subtitle of host publicationmanaging on the edge
EditorsMartin Grimmer, Rob Hecker
Place of PublicationAustralia
PublisherAustralian and New Zealand Academy of Management
Pages1-21
Number of pages21
ISBN (Print)9780987596819
Publication statusPublished - 2013
EventAustralian and New Zealand Academy of Management Conference (27th : 2013) - Hobart, Australia
Duration: 4 Dec 20136 Dec 2013

Conference

ConferenceAustralian and New Zealand Academy of Management Conference (27th : 2013)
CityHobart, Australia
Period4/12/136/12/13

Keywords

  • pay
  • pay equity
  • performance management
  • retention
  • retirement
  • rewards
  • profit sharing
  • hermeneutic phenomenology

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