|FM10 - Financial Management|
FM10 Partner Compensation: Are You Worth That?
|Saturday, August 11, 2012, 8:30 AM - 9:45 AM|
Just as no two law firms are the same, there is no perfect partner compensation model. But your firm's existing methods of partner compensation may be holding your firm back from realizing its potential. Join this session to explore the elements of a successful partner compensation system. Does your system align with your firm's strategic goals? Is compensation a behavioral driver? If so, is your current model driving desired behaviors? Get the answers to these questions and much more.
• Discuss the critical difference between behavior and motivation of partners
• Align your compensation system behind your firm's strategy
• Determine how to transition from one system to another
• Identify how to check, through regression analysis, whether your firm's compensation results are consistent with what management says it's rewarding
Carl A. Leonard, JD, Co-Program Director and Adjunct Professor at The George Washington University Master's Program in Law Firm Management, is both an experienced law firm leader and practicing lawyer. He is a former Chairman of Morrison & Foerster and the Founder of The Hildebrandt Institute, dedicated to leadership and skill development for managing partners and practice leaders. Leonard was named one of the 100 most influential lawyers in America by The National Law Journal.
Attendees should have a minimum of five years of experience and a working knowledge of law firm financial operations, especially partner compensation systems.
CPE: Administrative Practice
HRCI Credit: Yes