Market Areas > Practice Management > Partner Compensation

Partner Compensation: Trends, Models and Metrics that Go Beyond Lockstep

Course Description:

With 2012 approaching fast your firm should be taking a hard look at its current compensation system and whether or not it makes good fiscal sense in this profit challenged time.

Smart firms are focusing on what impact their comp systems have on firm profitability, and compensation models are increasingly focused on promoting team rather than individual success.

If your firm hasn’t developed compensation metrics that go beyond lockstep (in order to mold behavior and promote profitability) watch out…because your competition has.

CoursE highlights:

This comprehensive audio conference walks through lawyer compensation trends, unique models and how to use compensation to promote collaboration, firm solidarity, and a better bottom line.

During the must-attend event, our expert faculty will explain:

• Variations on standard lockstep and bonus programs
• How to mold and manage compensation levels that makes sense for your firm
• New approaches to handling of origination credits
• Why and how flexible pay programs attract and retain lawyers
• Real-life examples of performance/merit based compensation plans
• How to avoid the biggest roadblocks in adopting, implementing and communicating a new compensation plan

Feartured Facluty:

Kristin Stark, Principal, Fairfax Associates

Kristin is based in California and advises firms on strategy development and implementation, organizational management and structure, financial management, and compensation.

Prior to establishing the Fairfax office on the West Coast, Kristin was a Senior Director with Hildebrandt Baker Robbins (a subsidiary of Thomson Reuters), advising law firm clients on strategy and management topics. Before joining Hildebrandt, Kristin was a senior consultant with Deloitte, managing consultant teams implementing innovative financial restructuring strategies for Fortune 100 companies. Kristin has served global firms in the U.S., U.K., and Asia as a consultant on both strategy and operations management projects.

Kristin has a BBA from the University of Notre Dame and a MBA from London Business School.

David R. Maurer, Managing Director - Partner Practice Group, Major, Lindsey & Africa

David is a member of Major, Lindsey & Africa’s Partner Practice Group in Northern California where he specializes in recruiting prominent law firm partners for top law firms.

David most recently served as in-house counsel at Morgan Stanley in San Francisco, where he spent six and one half years as a Vice President and attorney defending the firm and its employees in litigation and regulatory matters. Prior to joining Morgan Stanley, David practiced law in Southern California with Straddling Yocca Carlson & Rauth and Gibbs Giden Locher & Turner, where he devoted most of his time to commercial litigation with an emphasis in financial services litigation.

David earned his law degree from Loyola Law School, Los Angeles, graduating magna cum laude. While at Loyola, David was a member of Law Review. David earned his bachelor’s degree, in Political Science, from the University of California at Berkeley.

Prior to attending law school, David was an Assistant Vice President with Wells Fargo Bank, where he managed a team of trust officers. In addition, David previously held General Securities Representative (Series 7) and Securities Principal (Series 24) licenses.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology.