3rd Annual Partner Compensation Workshop, October 1, 2015, Chicago, Il

Jul 4, 2015 | Events

Partner Compensation To Incentivize Collaboration And Client Profitability
This workshop provides a forum to focus on difficult and pressing compensation issues with other law firm leaders and Fairfax consultants. In addition to learning new approaches and best practices to compensation processes and structures, the workshop will also include a roundtable discussion and a series of short case studies from law firm leaders discussing approaches to promote collaboration and client relationship sharing, managing change in compensation systems, and tools for providing effective feedback and partner performance management. Participants will also be invited to join facilitated, small-group roundtable discussions on critical trends in compensation.

PROGRAM AGENDA:

Session: Best Practices in Structuring Compensation Systems

  • Structuring compensation systems for success
  • Effective use of bonuses
  • Balanced approach to performance management

Session: Managing Change in Partner Compensation Systems

  • Building the case for change
  • Considerations in implementing change
  • Avoiding potential pitfalls
  • Case Studies: Baker McKenzie, Miles & Stockbridge

Session: Roundtable Discussion – Compensation of Firm Leaders

  • Goal setting for leaders
  • Best practices in performance evaluation
  • Compensation process for leaders

Session: Balancing Originations and Collaboration

  • Best practices in tracking and sharing origination
  • Why collaboration matters and barriers to collaboration
  • Using incentives to encourage collaboration
  • Case Study: Perkins Coie

Session: Delivering Effective Feedback

  • Importance of feedback sessions
  • Understanding lawyer personalities
  • The psychology of compensation
  • Handling feedback sessions
  • Case Study: Buchanan, Ingersoll

Session: Facilitated, Small Group Roundtables

  • Incentivizing and rewarding diverse lawyers
  • Compensation across practices and offices
  • Succession and phase down planning

FACULTY:

  • Lisa Smith, Principal, Fairfax Associates
  • Kristin Stark, Principal, Fairfax Associates
  • Lisa Rohrer, Senior Advisor, Fairfax Associates and Harvard Law School, Case Study Initiative
  • Tom Froehle, Chief Operating Partner,  Faegre Baker Daniels
  • Jeff Grossman, Senior Vice President, Legal Specialty Group, Wells Fargo
  • Blane Prescott, Chief Operating Officer, Foley & Lardner LLP
  • Robert Romero, Partner in Charge, Hinshaw & Culbertson LLP
  • Additional Leaders TBD

LOCATION:

Willis Tower
233 South Wacker Drive
34th Floor Conference Center
Chicago, IL

DATE & TIME:

September 30, 2015  Optional Pre-Program Dinner hosted by Wells Fargo Legal Specialty Group

October 1, 2015
8:30-9:00 am   Check in and Continental Breakfast
9:00-5:00 pm   Program

PRICING & INSTRUCTIONS FOR SIGN UP:

Program Fee: $850 per attendee
10% discount applied for registration prior to September 4, 2015. Multiple and prior year attendee discount also available, please inquire.
Program fee includes program attendance, all program materials, continental breakfast, lunch and beverage breaks.

Register below or send an email confirming you wish to attend to inquiries@fairfaxassociates.com

We will issue an invoice and reserve your place. Additional information regarding nearby hotels and building access will be provided in advance of the session.

Cancellations are accepted and fees will be refunded if notice is received by September 4th. Substitutions are welcome.

If for any reason the workshop is cancelled a full refund of fees will be made but Fairfax Associates will not be responsible for travel, hotel or other costs incurred by registrants.