Were most of your partners satisfied when the firm allocated remaining profits last year?

Is Your Pay Structure Causing a Partner Exodus


Despite your best efforts, it's unlikely. Indeed, all firms struggle to offer reasonable rewards in a manner that's easily understood and accepted as fair by all owners, yet this is seldom enough to ensure partners' continued happiness. But dissatisfaction with compensation is always sure to send owners fleeing for greener pastures. With this in mind, even if your firm's system has been working well for several years, BCG Attorney Search recommends a review to consider whether the current approach to partner compensation is serving the needs of owners. Below are the questions law firms should ask when reviewing their partner compensation systems. While some of these issues are familiar, others will offer new insights into what it takes to make partner compensation decisions that are appropriate in today's business environment. Issues to consider: