Partner Compensation Systems | LPM CLE Webcast

1.5 MCLE Credits
(1.5 credits in the areas of professional practice/law practice management)

CLE Webcast/Webconference

Partner Compensation Systems 
Ensuring Your 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 following:

1. The role of compensation in a law firm
2. Key issues central to every well conceived and implemented compensation system
3. The importance of tying the Compensation system to achieve the firm’s economic goals and professional objectives
4. 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 associates
5. The relationship of business origination to compensation, i.e., permanency of origination credit vs. a sunset rule; allocating credit for new business/cross-selling
6. The relationship of billings and collections to compensation
7. The relationship of delegation of work to others to compensation
8. The relationship of firm management and administrative assignments to compensation

Program Faculty:

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, 2012. 

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.

Seminar
Webcast Registration	$50.00

Seminar
Webcast Registration	$150.00

Accommodations for Persons with Disabilities:
NYSBA welcomes participation by individuals with disabilities. NYSBA is committed to complying with all applicable laws that prohibit discrimination against individuals on the basis of disability in the full and equal enjoyment of its goods, services, programs, activities, facilities, privileges, advantages, or accommodations. To request auxiliary aids or services or if you have any questions regarding accessibility, please contact Cindy O'Brien at 800-582-2452 or cobrien@nysba.org.