A close-up look at the attorney compensation models, trends and techniques law firms are currently employing to attract and retain talent, encourage productivity and growth, and enhance firm profitability in 2020. Your firm’s compensation policies and models are your most important key to retaining talent, attracting new talent, incentivizing productivity and growth, and protecting your firm’s culture and profitability. This webinar will help you understand current compensation options, update you on what’s working and what’s not working for other firms, and provide you with proven ideas, techniques and best practices for making your firm’s compensation plan more effective at rewarding and retaining legal talent. 

Objectives:

  • Define the basic attorney compensation models, including formulas and plans law firms are now using e-sign a compensation plan. 

  • Discuss performance-based subjective compensation systems. 

  • Discuss partner and associate compensation formulas. 

  • Analyze trends in nonperformance-based systems, trends and controversies in associate compensation 

  • Identify best practices in attorney compensation your firm should be considering now. 

Other Information 

60 Minutes 

Audience: Intermediate 

CLM® Application Credit for Functional Specialists: 1 hour in the subject area of Legal Industry/ Business Management (LI) towards the additional hours required of some Functional Specialists to fulfill the CLM application. 

CLM® Recertification Credit: 1 hour in the subject area of Legal Industry/ Business Management (LI) 

CLE: Participatory Credit 

Speaker: 

Brenda Barnes, CPA, has more than 35 years of law firm management experience and has a unique perspective on running a legal practice and understands how to run your company like a business. She earned her bachelor’s in accounting and her MBA from the University of Texas. She is also the Past President of ALA-Austin. Since establishing B2 Management and Consulting 10 years ago, Barnes oversees a staff of accountants that work to maximize the efficiency of their clients’ offices and operations and exceed their revenue goals. 

 

Live Webcast Information
Start Time:
April 21, 2020 3:00 PM Eastern
2:00 PM Central, 1:00 PM Mountain, 12:00 PM Pacific
Add to Calendar:
Estimated Length:
1 hour
Registration Time Remaining:
132 days
ALA Member Price:
$109.00
Non-Member Price:
$129.00
What Every Law Firm Administrator Needs to Know about Attorney Compensation Plans
Individual topic purchase: Selected
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Webinar (Live) + On-Demand (Recording)
ALA Member Price:$109.00
Non-Member Price:$129.00
On-Demand (Recording)
ALA Member Price:$109.00
Non-Member Price:$129.00