Non-equity partnerships are on the rise. In fact, post-recession cuts to associate and support staff caused many firms to implement a massive number of ‘non-equity’ partners. But are they profitable?
Finding the right salary and bonus structure to incentivize ‘non-equity’ partners (whose collections are often consistent year after year) is a major challenge for many firms. This comprehensive webinar explores how leading firms are making ‘non-equity’ partnership compensation work, along with lessons learned in terms of firm profitability and value.
During this must-attend webinar, CCM's expert faculty will examine key factors in managing and compensating ‘non-equity’ partners with an eye towards fairness and firm profitability, including:
- If and when you might consider progressing a non-equity to an equity partner
- How to address and change the tendency to treat non-equities as "high paid associates"
- Components of a ‘non-equity’ cash compensation package (bas, bonus, profit sharing, benefits) and how firms are applying these for these partners
- Key criteria that firms should look at when assessing non-equity partner performance, value and contributions to the firm
- Origination issues that arise in a non-equity partner model and how to handle them
- How firms are using non-equity tiers (junior/senior level non-equity partners)
- Much more…
2:00 p.m. - 3:15 p.m. ET
Peter Spirgel, Managing Shareholder, Flaster/Greenberg PC
Joel Rose, President, Certified Management Consultant Joel A. Rose & Associates
C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from CCM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.
Please be advised C4CM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 - 8 weeks for most organizations but can take as long as 3 - 4 months. You will be notified via e-mail with the final status of your CLE application.
Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.
If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or email@example.com.
- Peter Spirgel