How to Set the Managing Partner’s Compensation

Businessman holding multiple dollar signsA management stipend keeps the MP “whole.”

By Marc Rosenberg
Partner Comp: Art & Science

Many firms, especially under $10 million, have a partner on board with the title of managing partner who in reality functions more as an admin partner. This post only addresses how the true MP should be compensated.

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OK, for those of you dying to know what a true MP is, here’s the scoop. A true MP: