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Partner Remuneration in Law Firms

2016 Law firms
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Release : 2016
Genre : Law firms
Kind : eBook
Book Rating : 067/5 ( reviews)

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Book Synopsis Partner Remuneration in Law Firms by : Michael Roch

Download or read book Partner Remuneration in Law Firms written by Michael Roch. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: Law firms are constantly looking to improve the effectiveness of their partner remuneration systems and to make the administration of their partner review processes more efficient.This comprehensive volume, edited by Michael Roch and Polina Pavlova and published on behalf of the International Bar Association, looks at partner remuneration in the context of strategy implementation, the firm's organisational design, governance and culture. The chapters cover all topical issues on partner remuneration systems from locksteps to "eat-what-you-kill" meritocracies, performance management and remuneration-related decision making. This volume also covers some special issues and provides a perspective of how the law firm of the future will view partner compensation.This practical book, full of real-life examples, addresses a variety of issues to be considered when designing, managing or administering partner remuneration / compensation systems. While the book does not advocate a single "best" approach to remuneration, it explores various alternatives that are suitable for law firms of different sizes and in different markets. It will be of interest to managing and senior partners, board members, HR directors and remuneration committee members of local, national and regional law firms alike.

The Partner Remuneration Handbook Hb

2022-05-31 Law
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Release : 2022-05-31
Genre : Law
Kind : eBook
Book Rating : 485/5 ( reviews)

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Book Synopsis The Partner Remuneration Handbook Hb by : Ray D'Cruz

Download or read book The Partner Remuneration Handbook Hb written by Ray D'Cruz. This book was released on 2022-05-31. Available in PDF, EPUB and Kindle. Book excerpt: Partner compensation and how partners share profits is central to the cohesive fabric of any professional partnership. While one adage says that "there are as many profit-sharing systems as there are partnerships", there has recently been the emergence of a global practice about what "merit" means and how risk and reward are shared among partners in professional service firms.In The Partner Remuneration Handbook, Michael Roch and Ray D'Cruz provide guidance for senior partners, managing partners, partnership boards, remuneration committees and others involved in the partner compensation process (department heads, CFOs, HRDs), on designing effective profit-sharing systems, reaching fair reward decisions efficiently and implementing motivating contribution management processes.Filled with practical insights, this book draws on principles of partnership, motivation and incentives in human capital management, and executive compensation in closely held businesses. Looking beyond the numbers, the authors balance the big picture with a detailed how-to for any professional partnership irrespective of geography, size and maturity.This title encompasses three core elements: Exploring the different partner reward systems found in most professional firms.Showing how partnerships define and discuss partner contribution commitments that further the firm's overall strategic, operational and financial objectives.Providing decision-making guidance about marrying reward to performance and on Remuneration Committee governance.It also addresses a myriad of special topics, such as rewarding partners in management roles, and provides a proven approach for how firm leaders can take partners with them on the journey of evolving their partner compensation system.

Compensation Plans for Law Firms

2010 Compensation management
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Author :
Release : 2010
Genre : Compensation management
Kind : eBook
Book Rating : 193/5 ( reviews)

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Book Synopsis Compensation Plans for Law Firms by : James D. Cotterman

Download or read book Compensation Plans for Law Firms written by James D. Cotterman. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: This newly updated fifth edition of Compensation Plans for Law Firms examines the continually evolving compensation landscape and the concepts that will affect your law firm most. You'll take an extensive look at the world of law firm compensation, including: -- Compensation theory --The art and science of compensation -- Partner and shareholder compensation -- Of Counsel compensation -- Associate Compensation -- Paralegal compensation --Staff Compensation -- Bonuses, increases, and incentives -- Debt, taxes, retirement, and withdrawal -- Evaluations, fairness and flexibility --And much more! Learn Where Your Firm Stands The book also features valuable data from the leading legal consulting firm Altman Weil's annual and triennial surveys on law firm performance and compensation, retirement and withdrawal and compensation systems. Charts and graphs help you see where your firm stands on salaries and bonuses, and it gives you detailed analyses of compensation plans for everyone in your firm. Compare your compensation system to law firms across the country. This one volume provides you with your primary research source leading you to auxiliary sources for further information as appropriate. They can support your current compensation system, or help you reevaluate your current methods of compensation. Careful advance consideration is essential to the success of your compensation plan. Using this valuable reference you can develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.

The Partner Remuneration Handbook

2022 Executives
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Author :
Release : 2022
Genre : Executives
Kind : eBook
Book Rating : 508/5 ( reviews)

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Book Synopsis The Partner Remuneration Handbook by : Ray D'Cruz

Download or read book The Partner Remuneration Handbook written by Ray D'Cruz. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt:

Model Rules of Professional Conduct

2007 Law
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Author :
Release : 2007
Genre : Law
Kind : eBook
Book Rating : 737/5 ( reviews)

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Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates

Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

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