PerformLaw

Law Firm Best Practices Blog

The Essential Guide to Associate Development

on Jun 28, 2016 8:30:00 AM

 THE PLAN:

Hire the best attorneys. 

Develop them into successful attorneys. 

Encourage productivity and retention with  compensation and incentives.

Repeat.

Read More

The Uncharted Waters of Compensation

on Jun 16, 2016 12:33:42 AM

Beyond the billable hour, there are additional ways in which associates can bring value to a firm. However, firms rarely consider these areas of value in developing their associate compensation plans.  Four of the more quantifiable, non-production ways that associates, depending upon their level, can add value include:

Read More

Compensating for Profitability

on Jun 7, 2016 9:34:28 PM

 

Compensating based on profitability ensures that a firm’s bonuses are tied to created profits. While more difficult to accomplish, the results are often better.

 

 

 

 

Read More

Winning the Game of Associate Compensation

on Jun 2, 2016 12:47:08 AM

To remain competitive, law firms must attract, motivate and retain top performing associates.  A well-designed associate compensation system is essential to championing this effort.  While no system is perfect,  a firm is most effective when its compensation structure is aligned with the firm’s values and goals. The system should also be predictable, so that there is a clear connection between an associate’s behavior and his or her compensation.

Read More

Should Pay Follow Practice Area?

on May 25, 2016 12:51:44 AM

Certain practice areas at law firms are clearly more profitable than others. Because of this, firms with a diverse practice mix will face more challenges in developing an associate compensation system.  For instance: 

 

Read More

How Do We Pay Associates?

on May 18, 2016 12:37:41 AM

The topic of associate compensation typically generates many questions.

  • What should you do when market pay and associate contributions are not aligned?

Read More

law firm management concepts blog discusses relevant law firm topics

The Law Firm Management Concepts blog includes conceptual posts on important issues to law firms. These posts will correspond  to the posts found on our main blog ("Law Firm Best Practices") which offers detailed analysis and advice for putting concepts into practice.

VISIT THE BLOG