Partner Compensation: Communicating Compensation and Managing Expectations

audio_conference Partner Compensation: Communicating Compensation and Managing Expectations

Event Date: Wednesday, April 17th, 2019 Event Time: 2:00pm - 3:15pm Eastern (EDT) Add to Calendar 2019-04-17 14:00:00 2019-04-17 15:15:00 America/Detroit Partner Compensation: Communicating Compensation and Managing Expectations https://c4cm.com/product/lawyer-comptalk-managing-compensation-communication/ C4CM Webinar Center For Competitive Management (C4CM) admin@c4cm.com false MM/DD/YYYY

You Will Learn:

  • Five most common mistakes in setting partner compensation
  • Partner Compensation Interviews: When, why and what gets discussed
  • Prospective vs. retrospective compensation systems
  • Best and worst practices in implementing bonus systems for partners

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  • Attend

    $267.00

  • Attend + Recording

    $347.00

    Best Value
  • Recording

    $267.00

Your CD will ship 7-10 days after the live event.

Your MP3 will be available in My Account 7-10 days after the live event.

Talk is cheap. Except when it applies to partner compensation.

Setting partner compensation and defending it after the fact doesn’t typically work.  In fact, firm leaders must manage expectations whether business is a boom or bust, and the key to doing so is communication.

Failing to properly communicate compensation leads to misunderstandings, lower profitability, and increased attrition.

Yet, talking with your partners before deciding their comp package produces 1) dramatically better engagement, 2) improved performance in the following year, and 3) more realistic compensation expectations.

Learning Objectives

This essential webinar explores effective tactics for communicating compensation and key steps to managing expectations in good years and bad.

  • Five most common mistakes in setting partner compensation
  • Partner Compensation Interviews:
    • Why are they critical successes in some firms, and a waste of time in others?
    • When is the right time to conduct a partner compensation interview? Before or after setting compensation?
    • What gets discussed during a great partner compensation interview?
  • Why do some leaders fail in terms of communication about compensation, and how do you hold management conversations that are truly helpful and constructive?
  • Prospective vs. retrospective compensation systems:
    • Pros and cons of each system
  • Can your partner compensation system turn everyone into a rainmaker?
  • Best and worst practices in implementing bonus systems for partners

Product ID: 21397

Learn Effective Tactics for Communicating Partner Compensation and Key Steps to Managing Expectations!

Register for my webinar now

Faculty

Blane R. Prescott
Blane R. Prescott
MesaFive, LLC

Blane Prescott is a principle and consultant with MesaFive, LLC (www.MesaFive.com), a management consulting firm that specializes in serving law firms and in-house legal departments.

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.

Continuing Education Units

  • cpe

    Receive 1.25 CPE credits by attending the live Audio Conference! C4CM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

    Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 877-900-C4CM (2426).

    • Program Level : Intermediate
    • Prerequisites : This course is for participants with some exposure to the subject.
    • Advanced Preparation : None
    • Delivery : Group Live

Learn Effective Tactics for Communicating Partner Compensation and Key Steps to Managing Expectations!

Register for my webinar now

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