Our law firm is a New Orleans 14 attorney firm that focuses its practice on business representation in both litigation and transactional matters. We have four equity partners. The other ten attorneys are associates. We have been discussing implementing a non-equity partnership tier and how we should handle compensation and other perks. We would appreciate your thoughts and suggestions.
I believe that the non-equity partnership tier should be meaningful and distinctive – both internally and externally. Consider the following:
While you want to create incentives – status and economic – for the non-equity partnership tier be careful that you don't diminish the desire for future equity partnership.
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John W. Olmstead, MBA, Ph.D, CMC
Posted at 07:29 PM in Compensation, Profit Improvement
Tags: Law Firm Non-Equity Partners Compensation and Perks