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A Firm's Culture Affects Partners' Compensation

By Joel A. Rose
February 27, 2009

The determination as to who gets what is probably the most crucial decision made in a firm today. Dissatisfaction with the process and result may be the single greatest factor in the decision of a lawyer to leave his or her firm. A failure to appreciate the process is responsible for a major part of this dissatisfaction. Further, the goals, objectives, and perhaps culture, as described in this article, change such that a firm may ultimately become something different from that which a lawyer originally joined.

Following are some observations on the process that deal with the issue in two parts: first, the standards of evaluation, and second, the compensation decisions based upon these standards.

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