Transitions can be affected, too, if you don’t handle this.
By Marc Rosenberg
Partner Comp: Art & Science
Coordinating how the partner compensation and partner retirement/buyout plans are structured is critical.
MORE ON PARTNER COMPENSATION: How Business Entity Type Affects Partner Income | When a Firm Tanks While a Partner Soars | How Profitability Affects Income Allocation | Paying New Partners and Lateral Hires | 3 Rules for Promotion to Partner | Should the MP Be the Highest Paid Partner? | Integrating Partner Comp with Strategic Planning
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One of the biggest complications for firms changing their partner compensation system is addressing the effect it will have on their partner retirement/buyout plan.
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