Partner (or director) remuneration has had to change in order to attract and retain talent in law firms. A straightforward lockstep remuneration path to high remuneration later on in one's career is no longer an attractive option for most junior lawyers, who want to be 'fairly rewarded' from the outset.
For this session we envisage that the questions might include:
- What are the main remuneration scheme types/options?
- What approach do different types of firm tend to take?
- What does a best-practice remuneration process look like?
- How do you reward the many different types of contribution to the firm?
- How might you incentivise the different types of non-fee-earner in the firm?
- How do you get partners to agree to a change that seems to disadvantage them?
- Is there still a place for lockstep and parity?
- What are examples of incentive schemes backfiring?
A panel will take questions from the host and the attendees. Surveys and live polls will ensure that the speakers cover the aspects that the attendees deem most important.
The webinar will provide clear steps towards optimising the remuneration scheme of your firm.
Host and panel
Our panel includes Jonathan Blair, who was managing partner/CEO of Dickinson Dees (2008-2013), then Bond Dickinson (2013-2017), and then Womble Bond Dickinson (2017-2022). He is currently head of the firm's professional practices group.
All three individuals have extensive experience of advising law firms on remuneration and incentive schemes.
The panel is completed by Glyn Morris, a partner at Higgs LLP. As a finance director, he was made the firm's first non-lawyer partner back in 2014.
Register here: Effective partner reward and incentive options
Once registered, you will receive a confirmation email containing information about joining the meeting.