Identifying the right approach can be critical to a firm’s long-term success or even survival.
In our recent work with firms we have reached the following conclusions (among others) about compensation.
In nearly every law firm, the partners are responsible for generating and managing the firm’s clients.
Compensation takes on an outsized meaning in law firms, in part because it is often the only meaningful feedback that equity partners receive from the firm about their performance and status in the firm.
Much has been written in recent weeks on the gender pay gap in law firm partnerships.