13 Points of a Good Compensation Plan

Man counting $100 bills into three pilesDoes your plan pit partners against each other?

By August J. Aquila
What Makes a Great Partnership

During the last 13 years I have focused a large part of my practice on helping firms develop compensation plans.

MORE ON GREAT PARTNERSHIPS: How MPs Can Make a Real Difference | 10 Steps to Transitioning to a New MP | What Managing Partners Should Be Doing | Do Your Partners Pay Their Own Way? | 7 Keys to Becoming an Equity Partner | How and Why to Achieve Partner Unity
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A critical element in keeping partners engaged is having a compensation system that rewards them for doing the right things. Here’s what I found to be some of the best practices.