By Marc Rosenberg
Partner Comp: Art & Science
Why do firms do performance evaluations of partners?
MORE ON PARTNER COMPENSATION: Should the MP Be the Highest Paid Partner? | How to Set the Managing Partner’s Compensation | Crash Course: Operating a Compensation Committee | Partner Pay: Open vs. Closed Compensation Systems | The 3 Best Partner Compensation Formulas | 11 Points in Designing a Partner Comp System | What Partners Earn and How They Earn It | Why Most Partner Comp Systems Are Performance-Based
The textbook objectives of performance evaluations are: