Buch, Englisch, 182 Seiten, Format (B × H): 161 mm x 241 mm, Gewicht: 465 g
Reihe: Globe Law and Business
A Guide to Reward Structures, Performance Management and Decision-Making
Buch, Englisch, 182 Seiten, Format (B × H): 161 mm x 241 mm, Gewicht: 465 g
Reihe: Globe Law and Business
ISBN: 978-1-911078-06-7
Verlag: Globe Law and Business - IPSUK
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 Polina Pavlova 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.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
Preface 5
Polina Pavlova
Willis Towers Watson
Michael Roch
Internal Consulting Group
Part 1: Partner remuneration in context 9
Aligning partner remuneration with strategy 11
Robert Millard
Møller PSF Group
The impact of organisational design and governance on a partner remuneration system 27
Leopoldo Hernández Romano
KermaPartners
Do you share profits or do you receive compensation? Patterns in law firm culture 37
Christoph H Vaagt
Law Firm Change Consultants
Part 2: Partner remuneration systems operated in practice 53
Lockstep systems and their variations 55
Aster Crawshaw
Addleshaw Goddard LLP
Table manners: rewarding performance without ‘eat what you kill’ 73
Norman Clark
Walker Clark LLC
Hybrid systems and contribution-based meritocracies: the golden mean? 87
Polina Pavlova
Willis Towers Watson
Systems typically operated in small firms: cost sharing, formulas and fixed-share systems 95
Patricia Gannon
Karanovic´ & Nikolic´
Regional differences in partner remuneration: Latin America 103
Jaime Carey
Carey
Daniel Del Río
Basham, Ringe y Correa
Part 3: Reward determination: performance management and decision-making 107
Still trying to motivate by money? How remuneration impacts upon the motivation of lawyers 109
Rupprecht Graf von Pfeil
KermaPartners
The role of the remuneration committee 117
Marc Bartel
Heidrick & Struggles
Addressing currency, tax and cost of living factors in the internationalising firm 125
Michael Roch
Internal Consulting Group
‘Open’ or ‘closed’ systems? 133
Máximo Luis Bomchil
M & M Bomchil
Part 4: Special issues in partner remuneration 135
Salaried partners and fixed-share partners 137
Andrew Wansell
Boodle Hatfield LLP
Lateral partner hires: investing in new markets? 147
Jörg K Menzer
Noerr
Law firm founders, goodwill and partner remuneration 153
Jaime Fernández Madero
Fernández Madero Consulting
Part 5: The way ahead 167
A partner remuneration system for the 21st-century law firm 167
Michael Roch
Internal Consulting Group
About the authors 175
