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Partner Compensation: Striking a Balance
Partner compensation is invariably the topic of most interest in every law firm. It is also a topic that involves the most fervent debate and encompasses the most varied points of view.
Biases Require Balance
Not surprisingly, partners normally advocate a compensation system that favors their personal strong points. Partners who do not generate much of their own business, but who have high billable hours, obviously favor a system based upon billable hours. Partners who bring in a great amount of “rain,” but allow it to be serviced by others, normally promote a system based heavily upon origination.
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