A Global Survey of Large Law Firm Compensation Practices

While there are continuing differences between compensation practices between U.S. and Canadian firms, and law firms in the rest of the world, findings from the latest Kerma Partners’ survey reveal that global harmonization of performance and compensation management may be more likely than ever. The basis and process used to compensate partners is becoming increasingly […]

The Younger Generation

A great deal has been written about why associates, and even young partners, have a different set of aspirations and values than previous generations.  It is further suggested that law firms must adapt themselves to these generational shifts if they want to successfully recruit and retain lawyers and staff. But suppose that the issues we […]

For many law firm partnerships, the default solution in dealing with underproductive partners is to fire them.  Presumably, the reason firms immediately choose the “nuclear option” is not because it is particularly attractive.  Rather, they simply don’t have the confidence that any other option will work.  This is unfortunate because they pass up a potentially […]