Associate Compensation: Incentivizing and Retaining Non-Partner / Career Track Associates

recording Associate Compensation: Incentivizing and Retaining Non-Partner / Career Track Associates

You Will Learn:

• Key factors in attracting, retaining and compensating career associates
• Strategies to balance salary and bonus structures
• Methods to evaluate performance and improve training opportunities
• Techniques to increase associate awareness of firm business, and improve training opportunities for associates not tasked as rainmakers

Access the pre-recorded audio conference
$365.00
 

What kind of compensation system should be used to incentivize and retain non-partner track associates?

In an industry once dominated by income-partners, many firms now offer non-equity/non-partner career tracks for associates. But how are these firms balancing compensation without dangling that partnership prize?

Different tiers of associates require varied approaches to motivation, promotion and compensation. In fact, keeping your associates happy (and committed to the firm) requires a compensation plan that fairly reflects the efforts, hours and status of each tier.

Learning Objectives

This webinar explores how leading firms are making non-equity partner track associate compensation work in the framework of two-tier systems, residencies, career associate hiring and practice group attorney positions.

  • Examine key factors in attracting, retaining and compensating career associates with an eye towards loyalty, fairness, and firm profitability
  • Use creativity to choose non-salary rewards that associates will actually embrace
  • Balance salary and bonus structures for these associates
  • Avoid the perception of second class citizenship for your non-partner/career associates
  • Increase associate awareness of firm business, and improve training opportunities for associates not tasked as rainmakers
  • Evaluate career associates’ performance and improve training opportunities for this new class of associates

Product ID: 18291

Discover How to Make Multi-Tier Associate Compensation Work in Your Firm!

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Faculty

Ann Rainhart
Ann Rainhart
Chief Operating Officer, Briggs and Morgan, P.A.

Ann Rainhart is the Chief Operating Officer at Briggs and Morgan and is a member of the firm’s Management Committee. She works closely with firm leadership on strategy and operations and oversees the firm’s administrative departments. Prior to joining Briggs, Ann was a key member of the Faegre Baker Daniels operations team. In her role as Chief Talent Officer, Ann worked with the firm’s management  board and executive committee around strategies for retention, development and feedback for the firm’s 750+ lawyers, consultants and professionals, and collaborated with other administrative department leaders in key areas of business operations.

Roxanne Jensen
Roxanne Jensen
Founder, EvolveLaw

Roxanne Jensen has 30 years of experience as a lawyer and consultant for law firms and firm partners. Roxanne practiced law at Morrison & Foerster LLP for 17 years, and served as the Managing Partner for MoFo’s Denver office for 3 of those years. After leaving MoFo, she established and grew a Division for Lateral Partners and Firm Mergers for a national recruiting company. She joined Catapult Growth Partners in 2011, and in 2014 she founded EvolveLaw. Through EvolveLaw, she works with firms nationwide to set and execute business strategy.

Continuing Education Units

  • cle

    C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from C4CM 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 C4CM 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.

Discover How to Make Multi-Tier Associate Compensation Work in Your Firm!

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