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Articles about Partner Compensation

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Retiring Partners and Unfunded Law Firm Commitments

The issues surrounding retiring partners and compensation have created problems for many law firms. While not universall....

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Compensation for Partners Is Never an Easy Thing

For many law firms the past decade has brought remarkable growth. Firms added more lawyers to their ranks. And brisk bus....

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The Price of Leadership in Law Firms

Simply put, if the job of a manager is "to make the trains run on time," the job of a leader is to ask where we should l....

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Capital Planning for Law Firms

As law firms review their capitalization, they need to consider the costs of operations and strategic initiatives as wel....

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Pay to Win—How to Make Your Law Firm's Compensation System an Asset

Nothing can create more tension and controversy in a law firm than partner compensation. At their best, compensation sys....

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The Emphasis on New Clients and Partner Compensation

There are as many variations of partner compensation plans as there are law firms. Most are well intended and targeted a....

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Compensation Issues

At too many firms around the country, the primary roles of the first-year associate are pretty simple: Generate a signif....

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Law Firm Retirement Plans

Don't be deceived. Unfunded retirement plans are antiquated relics that can drain valuable resources and severely limit ....

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How to Measure Whether a Merger is Successful

The rapidly accelerating rate of consolidation in the legal profession continues to capture the attention and interest o....

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UK Law Firm Mergers with US Firms

A few years ago, many were predicting that the legal industry would see an overwhelming number of mergers between U.S. f....

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The Importance of Integrating Associates in Firm Mergers

Long before most mergers are put to a vote, merger committees define and analyze the new firm's financial prospects, pra....

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Avoiding Merger Minefields

It's no secret that there is an intensifying rush to consolidate within the legal profession. And of course, we expect t....

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Issues Law Firms Should Consider in Slowing Business Climates

In the past, many law firm leaders proclaimed, ''Last year was our best year ever.'' Now, after years of double-digit re....

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The Importance of Law Firm Capital Planning

As law firms review their capitalization, they need to consider the costs of operations and strategic initiatives as wel....

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Business Planning for Practice Groups

To prosper and grow, law firms of all sizes must create strategic business plans for their individual practice groups. A....

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