Compensation Innovation (EPUB) von Timothy B Corcoran

Thorough and practical advice that will enable firms of all sizes to develop fit-for-purpose compensation systems that can be effectively managed to drive the right behaviors and, in turn, financial success.

Summary About the authors Chapter 1: Why we need to reward people differently August J. Aquila, principal, AQUILA Global Advisors LLC Chapter 2: Compensation in a timeless practice John Chisholm, consultant, John Chisholm Consulting Chapter 3: Common metrics, common methods, and common success - how in-house lawyers and firms can work better together by aligning law firm compensation with client success Paul Lippe, Advisory Board, Elevate Services and former CEO of Legal OnRamp Chapter 4: Staying in the race - why top firms pay so much for associates (even though they lose money on it) Dan O'Day, vice president, sales and client services, American LegalNet Chapter 5: Lateral hire compensation - managing risk vs reward Rebecca Holdredge, chief operating officer, Decipher Chapter 6: Associate compensation structures that appropriately reward associates and promote the goals of the firm Arthur G. Greene, principal, Boyer Greene, LLC Chapter 7: Reward today or invest in tomorrow? Aligning partner behaviors with the long-term health of the firm Timothy Corcoran, principal, Corcoran Consulting Group, LLC Chapter 8: Evolve AND innovate - how law firms need to change in order to keep their reward strategy fit for purpose Simon Nash, director, Insight Limited and formerly Global HR Director at Carey Olsen Chapter 9: Adopting a total reward approach and segmenting the firm's offering to reflect different employee preferences Benjamin Viney, director of talent and rewards, and Polina Pavlova, consultant, Willis Towers Watson Chapter 10: Work-life balance and flexible working - who benefits the most, employer, employee, or both? Nina Gray, CEO, Gray Legal Search