Owner compensation (job)

CASE: my own finding article
OWNER COMPENSATION IN THE LAW FIRM
“Increasing competition and a slow economy combined with desire to generate quick increases in partner income create a sharp focus on bottom-line profitability. Behavior contributing to that focus are the ones rewarded”
Law firm must consider their approach to owner compensation. (done with the approval of the managing partner and key senior owners)
They must create new compensation arrangement that fully understanding and always renewing.
The size of the law firm have a influence to the compensation process;
The bigger firm likely to have a formal system of business origination credits
Two-tiered parnertship structures are more prevalent in larger firm than in smaller ones
Larger family firms rely more heavily on compensation committees than do other size firm