PRA2608. Aligning Owner Compensation to Future Success

This presentation is designed to assist the participant in assessing the firm's current partner evaluation and partner compensation processes. It is designed to challenge the participant to identify where the current evaluation and compensation plans reinforce or hinder the firm's strategy and vision. Are they aligned? Pillars to be discussed are growth goals, accountability, team development, profitability, succession planning, and strategic initiative participation. Additional coverage will include Compensation Committees, closed compensation, and overcoming partner objections to modifications to the evaluation and compensation plans.

Learning Objectives:

• Evaluate the firm’s current partner evaluation and compensation systems to determine how effectively they support—or hinder—the firm’s strategic goals, including growth, accountability, team development, profitability, succession planning, and participation in strategic initiatives.
• Identify and apply practical strategies for improving partner evaluation and compensation models, including the use of Compensation Committees, closed compensation structures, and techniques for addressing partner resistance to change.