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HEADLINES for May 16, 2016
LAW PARTNER COMPENSATION: An Overview
Peer into the world of law partner compensation. I wrote an article on the subject from placing partners and groups and talking with law firm executives. I discuss the following subjects:
- The 4 Compensations Systems
- Factors
- Timing
- Equity and Non
- Personal Production vs Rain Making vs Collaboration
- Examples of calculating
RECOMMENDED SUMMER READING for LEADERS
The Partnership: A Novel by Steven J Harper A former Kirkland Ellis litigator turned author. Its gritty, fast and entertaining.
A New Taxonomy: The Seven Law Firm Business Models by Bruce MacEwen
Bruce is a white shoe law firm consultant. Insightful, more serious, compare.
The Ideal Team Player: How to Recognize and Cultivate the Three Essential Virtues by Patrick Lecioni Why? Read the Leaders Corner below.
Berkshire Hathaway Letters to Shareholders by Warren Buffett 1965-2015 Glean manager and investor wisdom from the oracle of Omaha. Invaluable.
In-House: A Lawyer’s Guide to Getting a Corporate Legal Position by David Parnell For those of you who didn’t know there was a guide.
Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future by Ashlee Vance Learn about the man who is bringing us closer to the Star Trek age.
The Outsiders: Eight Unconventional CEOS and Their Radically Rational Blueprint for Success by William Thorndike “One of the Most Important Business Books in America.” — Forbes
Lateral Moves: A Guide for Partners & Law Firms *Get our new free book*
LEADERS CORNER
– Humble, Hungry, and Smart –
Pat makes the case that team players need to be Humble, Hungry, and (People) Smart. It’s your ability to attract, hire, train, and retain people with these three virtues that will supercharge your teams. In turn, trying to build high performing teams without players with these foundational attributes will make your job so much harder.
RESOURCES & TOOLS
How to Get Your LinkedIn Profile on the First Page Search Results
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“Not all readers are leaders, but all leaders are readers.” -Harry S. Truman
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