This power-packed program examines key factors in managing and compensating ‘non-equity’ partners with an eye towards fairness and firm profitability, including:
- If and when you might consider progressing a non-equity to an equity partner
- The role of the individual partner business plan, both in non-equity compensation and in promotion to equity
- How to address and change the tendency to treat non-equities as “high paid associates”
- Importance of distinguishing between “counsel” and “non-equity” positions
- Components of a ‘non-equity’ cash compensation package (base, bonus, profit sharing, benefits) and how firms are applying these for these partners
- Introducing a formula based bonus calculation methodology
- Key criteria that firms should look at when assessing non-equity partner performance, value and contributions to the firm
- Importance of the individual partner business plan
- The role of a lateral partner’s incoming “book of business”
- Origination issues that arise in a non-equity partner model and how to handle them
- How firms are using non-equity tiers (junior/senior level non-equity partners)
- Assessing the business case for the non-equity class of partners (internal versus lateral hires)
- Considering the non-equity partner perspective (internal versus lateral hires)
Product ID: 19958
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Brian Kennel is an experienced management consultant with more than 20 years of experience in law firm and professional firm management and consulting. As owner of PerformLaw, he works with law firms and their leadership teams in a number of different areas. As a former legal administrator for a large commercial law firm, Brian understands the opportunities and challenges that exist in law firms. His experience also includes building and selling a law firm management services company to a Fortune 500 Company.
James E. Meadows
CULHANE MEADOWS PLLC
Jim Meadows brings nearly 30 years of experience focused almost exclusively on technology transactions and related legal matters. He counsels clients on technology matters outside of their traditional core competencies, ranging from structuring (or terminating) long-term or strategic information technology or business process outsourcing relationships to creating Internet and e-Business offerings to negotiating and documenting a wide variety of strategic and complex transactions.
Continuing Education Units
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 firstname.lastname@example.org.