During this information-packed program nationally recognized Certified management consultant, Joel A. Rose, will provide specific instructions about how to select the most appropriate partner compensation system for your firm, including:
- Key elements of every well-conceived and implemented incentivized compensation system
- The importance of tying your compensation system to the firm’s economic goals and the partners’ financial and professional objectives
- The pros and cons of different kinds of compensation systems, including:
- Parity system (equal compensation for all partners)
- Lock-step system (seniority)
- Purely objective system (formulaic, eat what you kill)
- Purely subjective system
- Hybrid system (combination objective and subjective)
- Percentage/points system
- Various types of Origination credit:
- Individual and shared origination credit
- Proliferation credit
- Inherited origination credit
- Fortuitous origination credit
- Referred Origination credit from friendly 3rd parties
- Systems for tracking and valuing various types of Origination credit
- Compensation criteria to motivate partners to:
- Originate new business
- Cross-sell the firm’s expertise to existing and potential clients
- Produce legal work
- Delegate work to others
- Bill and collect fees in a timely manner
- Train associates
- Addressing tensions arising from sharing Origination credit
- Permanent Origination vs. A Sunset rule on Origination
Product ID: 14038
Plus, you get our top-selling best practice guide, Law Firm Origination and Cross-Selling Credit – a $249 value – FREE!
This comprehensive guide explores the problems firms encounter before, during, and after implementing origination and cross-selling credits within the compensation system.
- Challenges for Modern Day Law Firms
- Developing Your Compensation System
- Understanding the Different Types of Origination
- Origination and Cross-Selling Credits within the Compensation System of a Law Firm
- Prepare for Changes in Origination Credit
- Monitoring Your Origination and Cross-Selling Credits
- How to Teach Your Attorneys to Cross-Sell
- Fitting Attorneys Into Proper Roles in the Firm
- Developing a Customized Model of Performance
So, don’t delay! Get Law Firm Origination and Cross-Selling Credit TODAY – absolutely FREE!
Discover How Your Firm’s Partner Compensation System Can Attract & Retain Top Talent while Increasing Firm Revenue & Profitability!Get it on demand now
Joel A. Rose
Certified Management Consultant and President, Joel A. Rose & Associates, Inc.
Joel A. Rose is a Certified Management Consultant and President of Joel A. Rose & Associates, Inc., management consultants to the legal profession. Mr. Rose has extensive experience consulting with private law firms, corporate law departments and government agencies.
Alan H. Zuckerman
Flaster Greenberg PC
Alan H. Zuckerman serves as Flaster Greenberg's managing shareholder and chief operating officer. He is a member of the firmâ€™s Corporate and Tax Departments and has a business practice with a concentration in federal and state taxation, business and corporate transactions, mergers and acquisitions (involving both public and privately held companies), estate planning and administration and healthcare law. Mr. Zuckerman is also a certified public accountant.
Managing Partner, McDowell Posternock Apell & Detrick, PC
Daniel Posternock is Managing Shareholder of McDowell Posternock Apell & Detrick, PC, a highly successful and versatile law firm serving residents and businesses of Southern New Jersey and the Philadelphia region. Mr. Posternock's particular areas of concentration include: Resolving Business and Real Estate Disputes through Litigation Mediation and/or Arbitration, Residential and Commercial Real Estate, Consumer Protection, and Personal Injury.