Compensation Plans for Law FirmsJames D. Cotterman 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. |
Contents
Partner and Shareholder Compensation | 17 |
Partner and Shareholder Compensation Criteria | 18 |
Classes of Partners | 28 |
Basic Approaches to Compensation | 34 |
Can a Partners Value Be Measured? | 51 |
The Theoretical Value of Service Providers and Rainmakers | 55 |
Allocating Large Success or Premium Fees | 62 |
Rewarding the Stars | 68 |
Paraprofessional Compensation | 99 |
Paralegal Compensation | 100 |
Staff Compensation | 105 |
Salary Increases | 107 |
Bonuses | 111 |
Exempt Staff | 112 |
Conclusion | 115 |
One Firms Rules for Allocation of Client Production Credit | 117 |
Other Owner Compensation Issues | 69 |
Summary | 71 |
Of Counsel Compensation | 75 |
Of Counsel Compensation | 77 |
Associate Compensation | 81 |
Salary Administration | 84 |
Bonuses | 92 |
Other editions - View all
Common terms and phrases
adjustments administrative allocation Altman Weil Publications American Bar Association American Lawyer Media amount annual areas average benefits billable hours bonus bonuses capital cash client compensation decisions compensation system contribution cost counsel criteria determine earnings employees entry-level associate equity partner evaluation exempt factors favorable variance Fee production firm member firm's formula funds hourly rate important incentive income tax increase individual investment issues labor market Law Firm Economics Law Practice Today lawyers lawyers lockstep managing partner ment Newtown Square nonexempt normal profit Operating leverage organization originating credits overhead owners paid partner compensation partnership pensation percent percentage performance position premium profes professional corporation Profit Per Equity qualified plans Quartile rabbi trusts rainmaker relationships retirement plans Rule B-1 salary senior lawyer service partner share shareholders skills staff standard rates tion trial team wage
Popular passages
Page 1 - Certified Public Accountant in the Commonwealth of Pennsylvania, and is a member of the American and Pennsylvania Institutes of Certified Public Accountants.