Insights
From the mind of the experts
challenges and current events.
How to Design Effective Law Firm Partner Compensation Structures
Strong law firm partner compensation systems incentivize partner behaviors that align with firm goals. They adequately reward immediate contributions, support long-term investment in the business, and create enough transparency and predictability to drive the perception of fairness and trust among partners. They don’t merely divide profits — when designed correctly, they amplify them.
How to Design Effective Law Firm Partner Compensation Structures
Strong law firm partner compensation systems incentivize partner behaviors that align with firm goals. They adequately reward immediate contributions, support long-term investment in the business, and create enough transparency and predictability to drive the perception of fairness and trust among partners. They don’t merely divide profits — when designed correctly, they amplify them.
6 Questions to Get the Most From Your Finance and Accounting Department
Six questions that managing partners, executive committees and the like should ask themselves to ensure they can get the most from their team to help successfully run the business.
Strategic Guidance for Managing Partners: Cash Management for Law Firms
Law Firms need to be earning interest on idle cash
Budget Season 2023: Tips For Preparing and Learning From Your 2024 Budget
Your budget should align with your Firm’s strategic goals. Even if you don’t have a big bow on your strategy or like most, just have a general idea of what you would like to do in the coming year, you can still benefit from a well prepared budget.
Strategic Guidance for Managing Partners: A Framework for Finance and Accounting Department Oversight
While usually not financial experts, Managing Partners of small and mid-sized law firms still need to be able to set expectations of their finance and accounting team.
Improve Processes Using the Deming Loop
I’ve never been in an accounting department that didn’t need some type of improvement. It’s just evolution, even well run processes need tweaks over time.
Presentation: Getting the Most Out of Your Finance Function
Derek Barto conducts an insightful conversation discussing how law firms generate reliable and timely information to better run their businesses. In this presentation you will discover how to consistently access your Firm’s financial data and learn strategies to manage the processes involved.