And when NOT to pay.
By Marc Rosenberg
Partner Comp: Art & Science
What is a management stipend and why is it necessary?
MORE ON PARTNER COMPENSATION: Partner Pay in Retirement Transition Period | 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 | Partner Pay: The Declining Importance of Book of Business | 3 Non-Performance-Based Comp Systems
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Partners with significant, official internal duties require a substantial amount of time to do these jobs properly. Main examples would be the managing partner, PIC, practice group leader, executive and compensation committee members.
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