Rethinking Partner Compensation in a Changing Marketplace

The changing legal market is forcing law firm leaders to rethink what it means to be a partner, and to reevaluate the relative value of the various contributions partners make to the firm. In this interactive session, we'll illustrate how law firm leaders are incorporating more sophisticated measures of profitability into partner compensation, and using compensation plans to drive — and not just reward — desirable behavior.

Objectives:

• Examine the traditional components of partner compensation and why they are lacking.

• Explore new ways of measuring and rewarding partner contributions as part of building a high-performance culture.

• Recognize the obstacles and best practices faced by other law firms as they assess and adapt partner compensation plans.