how to create a fair and effective comp plan that unites partners and pushes the firm forward.
by robert j. lees and august j. aquila
creating the effective partnership
the right partner performance bonus plan encourages and rewards partners for achieving firm, team and individual goals, enabling the partners to see a clear cause-and-effect relationship between what they do, what it means to the firm and how they get rewarded.
unfortunately, in too many firms, partners can’t see these linkages. the compensation system is a failure.
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