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Partner Compensation: Defining the New Normal
Course Description:
Is your firm using compensation practices that make sense in this post-recessionary period?
A recent industry survey found that law firms are being much more careful about partner compensation. Some firms are even de-equitizing partners to pump up firm profits. Gone are the days when partners could rely on built-in pay raises.
In fact, industry experts predict that even if your firm maintains adequate revenue stability or realizes some growth, it’s still likely that most partners will see their compensation lower, stagnate or rise at a much lower rate than during the last decade.
So, what are firms to do?
Course Highlights:
During this comprehensive audio conference our expert faculty will discuss new criteria to consider when making partner compensation decisions, including:
- Key trends in partner compensation for 2011
- Common and uncommon compensation plan options (merit, lockstep, combo plans and more)
- Who should evaluate performance and pay?
- Ways to assure that compensation plans match firm culture
- Implementation tactics to make effective long term changes
Featured Faculty:
Norman Clark, Business Advisor and Counselor to the Legal Profession, Walker Clark LLC
Norman Clark is one of the founders of Walker Clark, LLC.His consulting practice specializes in issues of international business and legal practice strategy, mergers, risk management, internal productivity, and lawyer performance and profitability. He also specializes in business and marketing strategy for law firms in emerging markets.
Norm's 35-year career as a lawyer includes experience as a trial lawyer, trial judge, law professor, and manager of legal services on a global scale, including the management of an 800-lawyer legal services organization in 50 locations on three continents. He was a pioneer in the application of quality management concepts and methods to the practice of law, and was one of the first legal managers to exploit the potential of information technology to bring about breakthrough improvements in the delivery of legal services worldwide. Before forming Walker Clark, Norm was a shareholder and principal in another leading legal management consultancy.
Norm Clark speaks, writes and publishes widely on a variety of timely issues and is a sought-after speaker for major conferences of professional associations and organizational retreats. Recent engagements have included the International Bar Association, American Bar Association, Lex Mundi, Meritas, the State Capital Law Firm Group, Terralex, and the World Services Group.
Ronda Muir, Esq., Founder and Principal of Law People Management, Inc.
Ronda Muir is one of the country’s leading authorities on lawyer personalities and the application of behavioral science to the legal workplace. She helps lawyers increase profitability through business-savvy, psychologically sophisticated and real-world solutions to both the traditional and emerging people management challenges that are unique to the legal industry. Ronda advises Fortune 500 law departments and law firms of all sizes on such issues as management structure, compensation, retention, leadership development, diversity, risk management, culture, morale and communication. She is a frequent speaker, an award-winning author and the publisher of www.LawPeopleBlog.com.
Muir draws from many years of experience as an attorney at New York's Davis Polk & Wardwell and LeBoeuf Lamb Leiby & McCrae, as Co-General Counsel for the TAG Group, based in Paris, France, and as Vice President of the CPR Institute for Dispute Resolution. She is certified to administer a number of assessments, is a mediator with advanced training from Harvard University and is a member of the ABA Practice Management Group, Yale Leadership Development Committee and the Coaches Training Institute.
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:
|
CCm Preferred Customer
Price |
| CD and Event Materials |
$365.00 |
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.
CLE:
CCM provides audio conference attendees with CLE credit processing services. To expedite CCM processing your CLE request, please complete and submit the evaluation form available from CCM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.
Please be advised CCM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 - 8 weeks for most organizations but can take as long as 3 - 4 months. You will be notified via e-mail with the final status of your CLE application.
Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.
If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or jill.adler@meeting-matters.com.
Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology. |
