News & Events
News & Events
Partner Compensation Workshop, 22nd October, 9am-5pm, Washington, DC
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 to compensation processes and structures, the workshop will also include a Client Panel discussing performance management and compensation and a compensation case study focused on change management.
Developing Effective Compensation Plans
ALA National Conference, Toronto, May 2014
Compensating Retiring Partners
ALA National Conference, Toronto, May 2014
Trends, Segmentation & Winning Strategies
UK Legal Market Review
London
Firms Urged To Go Beyond Pep And Adopt Quality And Risk Performance Measures
Giles Rubens quoted Legal Futures Large law firms need to embrace new ways to measure firm and partner performance as traditional methods – such as profits per equity partner – “can be irrelevant, encourage inappropriate behaviours, discourage innovation and tend...
Time for New Metrics
Georgetown University Law School Washington, DC, February 2014 Georgetown University Law School Washington, DC, February 2014 Fairfax Associates Fairfax Associates brings together the skills of highly experienced professional services consultants with...
Lateral Hiring, Mergers & Acquisitions
ALA Conference, Irvine, CA, November 2013
Partner Performance & Remuneration
Effective Approaches in a Changing Market
London
COVID-19 Is Driving Long-Term Changes in Big Law for Remote Work, Fees, Hiring
Lisa Smith is quoted “A lot of firms are looking ahead, trying to think about what makes sense, and how lawyers have evolved their approach to practice,” said Lisa Smith, a principal at Washington, D.C.-based FairfaxAssociates. “To some extent, the firms that don’t do that, do that at their own peril…
Law Firm Merger Activity Appears to Be Bouncing Back
Fairfax is quoted “The decline in the number of mergers this year has been driven by a number of pandemic-related factors,” Fairfax said in a news release. “However, many firms remain committed to growth and expansion and are continuing to explore merger options. As a result, we anticipate that merger activity will resume to more typical levels in 2021.”
Will Pure Lockstep Partner Pay Survive The Decade?
Lisa Smith is quoted: “There may be some firms that are able to keep it and feel like it’s critical to their culture,” she said.
Can Law Firms Fix the Leadership Gap Before It’s Too Late?
Lisa Smith is quoted “You can’t teach leadership skills over a single lunch hour,” Smith says. “A lunch-and-learn is not going to move the needle. It needs to be more programmatic and more intensive.”
