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Firms Recalculating Compensation Models
When it comes to attorney pay, origination has held a steady place at the top of many firms' list of compensation criteria. But could rainmaking be drying up in importance?
Firm leaders and consultants who spoke to A&FP 's ALM sibling'The Legal Intelligencer'pointed to a decided shift away from a focus on origination credit, though no one predicted bringing in business would become irrelevant when firms dole out attorney compensation.
Marcie Borgal Shunk, a senior consultant with LawVision Group, says there is a “tremendous amount of activity” among law firms when it comes to determining whether their compensation models meet their strategic objectives. While many firms have yet to pull the trigger on those changes, Shunk says she expects to see action in that space in the coming year. She says firms of around 600 attorneys or less seem to be the most likely to be looking at their compensation models, while the largest of firms aren't doing so.
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