High quality law firm leadership cannot as easily be replaced as retained. Therefore, a firm must be prepared to reward its managing partner for his or her success in as many different ways as success is measured by a particular law firm. To the extent that a firm’s partners do not properly compensate their managing partner, yet wish to retain him or her in the leadership role, the firm’s managing partner will become discouraged and lack the incentive to continue to perform his or her management and leadership activities, since the firm’s success will undoubtedly lead to more dollars for other partners.


This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]