Compensation Review & Structuring
People generally do what is measured and rewarded. As a result, it is difficult to change behavior unless you can affect compensation. Firm leaders need to ensure incentives are aligned with current firm goals and objectives.
Our principals have chaired compensation committees and understand the challenges of establishing systems that are predictable, and provide both fundamental and relative fairness. In our experience, most compensation systems require periodic modifications rather than wholesale changes.
Our approach includes:
- Review and analysis of the firm’s existing compensation system
- Review and analysis of financial information
- Interviews with or surveys of attorneys about compensation
- Recommendations for how to use compensation most effectively as a management tool