Core Values: Why Your Firm Needs Them

Plus 12 examples. Which work for you?

By Marc Rosenberg
The Rosenberg Practice Management Library

Core values are the attitudes and beliefs that define a firm’s culture and a critical ingredient in a successful compensation plan.

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Partners talk about the firm’s core values all the time, pointing out instances when someone’s behavior has clearly been impacted by them. These values are incorporated in processes throughout the firm, such as in the development and evaluation process, in the way income is allocated to partners, and in what raises are given to staff.