Partner Compensation Systems | LPM CLE Webcast
Thursday, September 13, 2012
1.5 MCLE Credits
credits in the areas of professional practice/law practice
Partner Compensation System Works:
Evaluating the Contributions of Business Originators, Producers of Legal
Work and Non-revenue Producing Activities
Sponsored by the Law Practice Management Committee of the New
York State Bar Association
The overall goal of a partner
compensation system is – or should be - to align compensation
with the value of the contribution of each partner to the law firm. The
contribution or value of each partner varies in kind and amount, i.e.,
business origination, producers of legal work, consequential non-revenue
producing activities or a combination.
The challenge to lawyer management is
to determine the relative value of each of these contributions in order
to ensure that the system works by compensating partners fairly and
motivating them to perform these activities.
Chaired by a nationally recognized law
firm management consultant and featuring managing partners of law firms
as panelists, this webcast will provide a comprehensive
overview of partner compensation systems and examples of
compensation systems. Topics will include the
- The role of compensation in a law
- Key issues central to every well
conceived and implemented compensation system
- The importance of tying the
Compensation system to achieve the firm’s economic goals and
- Compensation criteria to motivate
partners to originate new business, produce Legal Work, work hard,
manage the firm and its components, market the firm and train
- The relationship of business
origination to compensation, i.e., permanency of origination credit vs.
a sunset rule; allocating credit for new
- The relationship of billings and
collections to compensation
- The relationship of delegation of work
to others to compensation
- The relationship of firm management
and administrative assignments to compensation
Joel A. Rose, Joel A. Rose and Associates, Cherry Hill, NJ
- View Bio
Michael L. Faltischek, Esq., Ruskin Moscou Faltischek, P.C., Uniondale,
NY - View Bio
Larry Wolinsky, Esq., Jacobowitz & Gubits, LLP, Walden, NY - View Bio
John J. Pollock, Esq.,
Levene, Gould & Thompson, LLP, Vestal, NY - View Bio
This program was recorded on September 13,
Please note: Newly admitted attorneys may not
receive MCLE credit for their participation in CLE Webcasts.
The last day to pre-register online was September 12, 2012.
Members, please login to get member discounts.
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contact Cindy O'Brien at 800-582-2452 or email@example.com.