Law Firm Management

A Newer Approach for Compensating Non-Equity Partners

, The Legal Intelligencer


During recent consulting assignments, managing partners of several law firms of all sizes have expressed their frustration with the fact that every year the total cash compensation paid to non-equity partners — those longer-tenured attorneys on track to become equity partners and those attorneys the firm is desirous of retaining but who do not satisfy all of the objective and subjective criteria to become equity partners at the present time — continues to increase, yet the latter's productivity and contributions to revenue remain about the same.

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