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Partner Compensation
How do you determine partner compensation at your law firm? You certainly look at each partner's originations, working attorney receipts and billable hours. But what about his or her excellent client service, strong leadership, successful staff development efforts and keen technical skills?
Objective financial factors are easy to measure ' but they should not be the only considerations in determining partner compensation. If you want to encourage your partners to lead by example and add value to the firm beyond their contributions to the bottom line, you need to incorporate subjective criteria into your partner compensation structure.
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