By Brenda A. Barnes and Camille Stell Law firms are not unlike other professional service firms with regard to how they compensate the leaders of their firms. Historically, the compensation of the managing partner has developed over time and correlates to the role that the partner will play in leading the firm. A successful managing partner compensation plan should include … [Read more...] about How to compensate managing partners
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10 traits to look for in your firm’s next partner
By Bianca Moreiras bio Think you've found the perfect candidate for your firm's next partner? Before you make the offer, make sure the candidate has these 10 traits. 1. Honesty We would hope that all attorneys are honest; however, even stretching the truth when keeping timesheets is an act of dishonesty. Missing deadlines and making excuses perhaps is an oversight … [Read more...] about 10 traits to look for in your firm’s next partner