five factors to consider in their new compensation plan. and five key responsibilities for the new managing partner.
by marc rosenberg, cpa
author of how to operate a compensation committee
baby boomer partners are rapidly approaching retirement age, creating a huge demographic shift. one result of this is a dramatic increase in new managing partners at firms.
many firms are skipping a generation and turning the reins over to “younger” partners. firms are also asking their new mps to divest themselves of a significant part of their client base to enable them to focus more on managing the firm.
how should the new mp be compensated?
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