Plus six questions to ask about your plan.
By August J. Aquila
What Makes a Great Partnership
Ever wonder what the most appropriate partner compensation system is for your firm and how to assess partner performance?
MORE: 12 Points of a Good Compensation Plan | Rate Managing Partners in Six Areas | Five Ways to Keep Your Edge as a Leader | Managing Partner: The Toughest Job in the World | Why Partners Need Written Goals | Eight Criteria for Partnership | How You Can Get Partners to Change
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A firm’s compensation system is a reflection of its culture and external competitive factors. When was the last time you gave your partner compensation system a checkup?