Law Firm Articles

Compensation Risk Assessment

The compensation status quo may be a dangerous option to pursue in today’s economy.  If key business generators perceive their compensation to be inadequate, they may take their clients and leave; and highly talented, technically skilled lawyers may be picked out of the firm.  The effect is a loss to the organization, a reduction in its ability to generate fees and profits, and a disruption in the lives and livelihoods of all stakeholders.  Many firms intuitively understand the risks, but few have the ability to assess that risk in a systematic way.

This article is a companion piece to a discussion with Altman Weil principals Jim Cotterman and Tom Clay on Compensation Risks in a Down Economy, that took place on April 8, 2009.

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