Partner Remuneration in Law Firms
Globe Law and Business Ltd (Verlag)
978-1-911078-06-7 (ISBN)
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Law firms are constantly looking to improve the effectiveness of their partner remuneration systems and to make the administration of their partner review processes more efficient. This comprehensive volume, edited by Michael Roch and published on behalf of the International Bar Association, looks at partner remuneration in the context of strategy implementation, the firm's organisational design, governance and culture. The chapters cover all topical issues on partner remuneration systems from locksteps to "eat-what-you-kill" meritocracies, performance management and remuneration-related decision making. This volume also covers some special issues and provides a perspective of how the law firm of the future will view partner compensation. This practical book, full of real-life examples, addresses a variety of issues to be considered when designing, managing or administering partner remuneration / compensation systems. While the book does not advocate a single "best" approach to remuneration, it explores various alternatives that are suitable for law firms of different sizes and in different markets.It will be of interest to managing and senior partners, board members, HR directors and remuneration committee members of local, national and regional law firms alike.
Table of contentsPreface 5Polina PavlovaWillis Towers WatsonMichael RochInternal Consulting GroupPart 1: Partner 9remuneration in contextAligning partner 11remuneration with strategyRobert MillardMoller PSF GroupThe impact of organisational 27design and governance on apartner remuneration systemLeopoldo Hernandez RomanoKermaPartnersDo you share profits or do 37you receive compensation?Patterns in law firm cultureChristoph H VaagtLaw Firm Change ConsultantsPart 2: Partner 53remuneration systemsoperated in practiceLockstep systems and 55their variationsAster CrawshawAddleshaw Goddard LLPTable manners: rewarding 73performance without 'eatwhat you kill'Norman ClarkWalker Clark LLCHybrid systems and 87contribution-basedmeritocracies: the golden mean?Polina PavlovaWillis Towers WatsonSystems typically operated 95in small firms: cost sharing,formulas and fixed-share systemsPatricia GannonKaranovic' & Nikolic'Regional differences 103in partner remuneration:Latin AmericaJaime CareyCareyDaniel Del RioBasham, Ringe y CorreaPart 3: Reward 107determination: performancemanagement and decision-makingStill trying to motivate 109by money? How remunerationimpacts upon the motivationof lawyersRupprecht Graf von PfeilKermaPartnersThe role of the 117remuneration committeeMarc BartelHeidrick & StrugglesAddressing currency, tax 125and cost of living factors inthe internationalising firmMichael RochInternal Consulting Group'Open' or 'closed' systems? 133Maximo Luis BomchilM & M BomchilPart 4: Special issues in 135partner remunerationSalaried partners and 137fixed-share partnersAndrew WansellBoodle Hatfield LLPLateral partner hires: 147investing in new markets?Jorg K MenzerNoerrLaw firm founders, goodwill 153and partner remunerationJaime Fernandez MaderoFernandez Madero ConsultingPart 5: The way ahead 167A partner remuneration 167system for the 21st-centurylaw firmMichael RochInternal Consulting GroupAbout the authors 175
| Erscheinungsdatum | 25.05.2016 |
|---|---|
| Mitarbeit |
Berater: Michael Roch |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 161 x 241 mm |
| Gewicht | 467 g |
| Themenwelt | Recht / Steuern ► EU / Internationales Recht |
| Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Berufs-/Gebührenrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 1-911078-06-2 / 1911078062 |
| ISBN-13 | 978-1-911078-06-7 / 9781911078067 |
| Zustand | Neuware |
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