Make major decisions and recommendations on such key issues
as lawyer compensation, billing rates, additional offices, new areas of specialization, and any other issues with significant economic consequences.
Your answers to the following eleven questions can be used to form the basis for constructive discussions
about lawyer compensation.
Herbert Smith Freehills 2016 junior
lawyer compensation for high performers (2015 salaries excluding bonus in brackets)
This blawg discusses all levels of law
firm lawyer compensation, from associates to service partners, to rainmakers, to lawyer - managers, and senior lawyers who are phasing down in preparation for retirement.
«eating» without «killing» each other: a performance - driven lockstep model for
lawyer compensation in law firms
The per - lawyer expense would then be allocated to the matter by essentially treating it
as lawyer compensation — in other words, based on the proportion of the lawyer's overall time devoted to the matter, weighted by billing rate.
We pay
our lawyers compensation that is highly competitive with large firms, which (again, a talent market) ensures quality.
CONSIDER: How does
your lawyer compensation plan reward performance, loyalty, and seniority?
When considering various types of compensation plans, partners are cautioned that
the lawyer compensation practices of other firms may not be satisfactory for their own offices.
CONSIDER: How does
your lawyer compensation plan address the big tension areas, such as origination and delegation versus working hours; joint business development versus individual rainmaking, and consequential non-billable time versus time devoted to producing client work?
Prepare agendas and retreat workbooks about strategic and financial planning, governance,
lawyer compensation, practice management and marketing, retirement planning, etc..