Partner Compensation: Keys to Compensating Succession and Client Transfers

webinar Partner Compensation: Keys to Compensating Succession and Client Transfers

You Will Learn:

  • What a fair, and mutually successful succession compensation agreement looks like
  • How soon is too soon to start planning a retirement/succession compensation plan
  • Best practices for building post retirement work into compensation planning
Watch the pre-recorded web conference
$365.00
 

Creating a detailed transition plan and appropriate compensation agreement for retiring partners is no easy task.

With 65 percent of U.S. equity partners pushing past 50 and 60 years old, many lawyers will be exiting firms over the next decade.

This essential webinar will explain how to make specific compensation decisions for individual partners as they transition to retirement; and how smart firms should prepare for issues associated with senior-level partners’ departure from practice, before a client crisis occurs.

Learning Objectives

  • What a fair, and mutually successful succession compensation agreement looks like
  • How soon is too soon to start planning a retirement/succession compensation plan
  • Best practices for building post retirement work into compensation planning

Our expert faculty will also explore:

  • Real life examples of successful partner succession compensation plans
  • Key steps in creating a detailed transition plan that includes a proposed workload reduction
  • Applying the variables (based on firm size and practice type)
  • How some firms are funding transitions
  • How to ensure that compensation related to succession meets lawyer expectations and client/firm needs
  • Considerations for partners who retire vs. part-time succession

Product ID: 6506

Learn How to Make Compensation Decisions for Partners as They Transition to Retirement!

Get it on demand now

Faculty

Andrew E. Jillson
Andrew E. Jillson
Director, Hayse LLC

Andrew Jillson is a veteran when it comes to the challenges and opportunities faced by an enterprise in transition. In his more than 30 year career as a lawyer, Andy has provided strategic counsel across every industry. He brings deep experience wherever personnel, operational, strategic and/or legal issues converge to necessitate organizational change.

John Remsen, Jr.
John Remsen, Jr.
TheRemsenGroup, Atlanta, GA

John Remsen, Jr. is widely recognized as one of the country’s leading authorities on law firm leadership, management, marketing and business development. After serving as in-house marketing director at two major law firms, John formed TheRemsenGroup, a consulting firm that works exclusively with law firms to help them develop and implement long-term strategic objectives to improve cohesiveness, performance and profitability.

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.

Learn How to Make Compensation Decisions for Partners as They Transition to Retirement!

Get it on demand now

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