In a roundtable discussion, seven present and former members of the Accounting & Financial Planning for Law Firms newsletter Board of Editors comment on half a dozen aspects of closed compensation systems. Joe Altonj says some benefits of a closed system are it gets people's minds off of everyone's money and it focuses the partners on the overall size of the pie to be divided. The members also debate whether closed systems would work better for larger firms as opposed to small and midsize firms.
October 26, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In the following roundtable discussion, seven present and former members of the Accounting & Financial Planning for Law Firms newsletter Board of Editors comment on half a dozen aspects of closed compensation systems.
Accounting & Financial Planning for Law Firms: Overall, does a closed compensation system offer significant advantages?
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