Compensation Plans for Law Firms

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American Bar Association, 2004 - Law - 169 pages
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This book features valuable data from leading legal consulting firm Altman Weil's surveys on law firm performance. You can develop a compensation plan that conveys fairness, simplicity, and flexibility, striking perfect balance within your firm.
 

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Contents

Partner and Shareholder Compensation
15
Partner and Shareholder Compensation Criteria
16
Classes of Partners
26
Basic Approaches to Compensation
32
Can a Partners Value Be Measured?
49
The Theoretical Value of Service Providers and Rainmakers
53
Allocating Large Success or Premium Fees
60
Rewarding the Stars
66
Paraprofessional Compensation
97
Paralegal Compensation
98
Staff Compensation
103
Salary Increases
105
Bonuses
109
Exempt Staff
110
Conclusion
113
One Firms Rules for Allocation of Client Production Credit
115

Other Owner Compensation Issues
67
Summary
69
Of Counsel Compensation
73
Of Counsel Compensation
75
Associate Compensation
79
Salary Administration
82
Bonuses
90
Capitalization Debt and Taxes
121
Retirement Planning Primer
127
Exempt Employees
141
Benefits
149
Deciding Whos Right and Whos Wrong for Your Law Firm
155
Index
165
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