a management stipend keeps the mp “whole.”
by marc rosenberg
partner comp: art & science
many firms, especially under $10 million, have a partner on board with the title of managing partner who in reality functions more as an admin partner. this post only addresses how the true mp should be compensated.
more on partner compensation: how large and small firms allocate income | integrating partner comp with strategic planning | partner pay: the declining importance of book of business | 3 non-performance-based comp systems | 3 subjective compensation systems | partner compensation 101
ok, for those of you dying to know what a true mp is, here’s the scoop. a true mp:
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