Is your compensation system tail wagging your strategy dog?
All too often, poorly designed or functioning compensation systems set the limits of the firm’s competitive success. We help clients refine and realign their lawyer compensation systems to enhance competitiveness and to further their strategic objectives.
We design customized Partner and Associate plans that encourage and reward positive behavior, while recognizing firm cultural constraints and goals. We pay particular attention to the alignment of partnership expectations and their interrelationship with the compensation system – a typical source of compensation system breakdown.
We can teach you how to use compensation plans as effective management and planning tools.
We can also participate in a client’s Partner compensation deliberations or review the results to identify inconsistencies or questionable results for the Compensation Committee to consider as part of their ongoing process.
