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Law Firm Partner Compensation---An Interview with Tim Corcoran
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In this episode of Steve's Rules, Steve has a conversation with Tim Corcoran of the Corcoran Consultant Group, a leading consultant on law firm compensation. Among the topics discussed were:
- The primary issues that are leading firms to retain your services?
- The most frequent flaws in law firm compensation systems
- Balancing the contributions of rainmakers and key subject matter experts.
- How firms handle compensation of laterals, particularly in situations that those attorneys are not bringing all of their originated business to their new firms.
- How firms should design bonus programs for laterals
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