|Maintaining a PracticePartner Compensation Structures: A Seven-Part SeriesWritten byDebra L. BruceJune 25, 2020Share this PostDebra L. Bruce, President of Lawyer-Coach LLC and member of the Law Practice Management Committee, has authored a new seven-part series on Partner Compensation Structures as a free resource. View each part below:▸Part 1: The MonarchThe Monarch The first structure is …

 |Maintaining a PracticePartner Compensation Structure Series Part 1: The MonarchWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.Introduction This is the first in a series of articles describing the most common structures law firms use for partner or shareholder compensation. For simplicity, the article refers to partnerships, but similar compensation models …

 |Maintaining a PracticePartner Compensation Structure Series Part 2: ParityWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the second article in a series of 7 discussing the different kinds of partnership compensation structures that law firms tend to adopt. In Part 1 we discussed the Monarch structure which involves one partner who rules over …

 |Maintaining a PracticePartner Compensation Structure Series Part 3: Executive Committee MonarchyWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the 3rd article in a series of 7 discussing the different kinds of partnership compensation structures that law firms tend to adopt. Part 1 discussed the Monarch structure, which involves one partner who rules …

 |Maintaining a PracticePartner Compensation Structure Series Part 4: LockstepWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the 4th article in a series of 7 discussing structures that law firms tend to adopt for partner compensation.  In Part 1 we discussed the Monarch structure, in Part 2 the Parity structure, and in Part 3 the Executive Committee Monarchy.Lock Step Description …

 |Maintaining a PracticePartner Compensation Structure Series Part 5: Modified LockstepWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the fifth article in a series of seven discussing structures that law firms tend to adopt for partner compensation.Modified Lockstep Description Many firms have modified the lock step model to allow a …

 |Maintaining a PracticePartner Compensation Structure Series Part 6: Eat What You KillWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the sixth article in a series of seven discussing structures that law firms tend to adopt for partner compensation.Eat What You Kill (EWYK) Description Each lawyer’s compensation is based on …

 |Maintaining a PracticePartner Compensation Structure Series Part 7: Appendix AWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.APPENDIX A Sample Partnership Agreement Provisions Respecting Compensation Selected Provisions Of Agreement of Limited Liability Partnership Of A & B, L.L.P. [not intended as a complete partnership agreement]             This AGREEMENT OF LIMITED LIABILITY …