Four reasons behind the decline. Plus the impact on buyouts and retirements.
By Marc Rosenberg
Partner Comp: Art & Science
I’m sure many people see the title of this post as a form of practice management heresy.
MORE ON PARTNER COMPENSATION: 5 Other Systems for Paying Partners | 3 Non-Performance-Based Comp Systems | 3 Subjective Compensation Systems | Partner Compensation 101 | What Partners Earn and How They Earn It | Partner Compensation: An Art, Not a Science | Why Most Partner Comp Systems Are Performance-Based
The message is: The weighting of book of business is trending from being the “end-all” in allocating partner income, or close to it, to a factor that is still important, but less so.