If your firm is like most, much of the month of December seems to focus on compensation. If your firm's compensation system is a retrospective one, partners may be jockeying for their “fair” share of the pie for the current year.
It's Compensation Time Again
Whatever compensation system a firm selects, it will work in the long run only if it has the confidence of all of the firm's partners. Based upon the author's experience, that confidence can best be won by providing a role in the process for all partners.
By
Michael E. MooneyThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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