Plus balloting details for those who use paper and pencil.
By Marc Rosenberg
Partner Comp: Art & Science
There are at least three performance-based systems for partner compensation. None rely completely on intractable formulas, but instead introduce various degrees of subjectivity. Needless to say, none are without some controversy.
MORE ON PARTNER COMPENSATION: 11 Points in Designing a Partner Comp System | 3 Tiers of Compensation | What Partners Earn and How They Earn It | How Partners View Compensation: It’s Not All about the Money
But each system requires serious thought. Here’s a comprehensive of the three approaches. Which does your firm use now? Why? Which might be a better approach?
Let’s take a closer look: