Save the Firm! Redesign a Law Firm’s Compensation Model in One Hour

5 (2 votes)

image

Imagine you are sitting at your desk when the managing partner bursts into your office. He screams, “I overheard Julia, our rock star young partner, plotting to leave the firm with our most productive partners. I have to talk to the other partners, but I need you to figure out what it’s going to take to convince Julia and the others to stay. I’ll be back in an hour!” Once you peel yourself off the floor, who do you call? Your best and most discreet friends at ALA, of course. In this interactive webinar, you’ll learn everything you need for you and your classmates to brainstorm a new compensation model that will meet everyone’s needs and save the firm.

Objectives

  • Identify the three critical elements of every successful law firm business model.
  • Explain the four primary failed and outdated models and their fatal flaws.
  • Discover the five elements of every law firm compensation system and why they matter.
  • Recognize the four metrics every modern firm should track and why.
  • Use this information to devise a new compensation model.

Level: Essentials

$39 for members and $99 for nonmembers

Key:

Complete
Failed
Available
Locked
Certificate
Live and Archive Viewing: 1.00 CLM Credit Unit credit and certificate available
Live and Archive Viewing: 1.00 CLM Credit Unit credit and certificate available This session provides valuable information to any size firm where you will work through a check list of key components that should be a part of every written Business Continuity plan. That checklist can then be used to assess and revise your firm’s current plan.
You must register to access.
Save the Firm! Redesign a Law Firm’s Compensation Model in One Hour
03/20/2024 at 2:00 PM (CDT)  |  Recorded On: 03/20/2024  |  60 minutes
03/20/2024 at 2:00 PM (CDT)  |  Recorded On: 03/20/2024  |  60 minutes Imagine you are sitting at your desk when the managing partner bursts into your office. He screams, “I overheard Julia, our rock star young partner, plotting to leave the firm with our most productive partners!. I have to talk to the other partners, but I need you to figure out what it’s going to take to convince Julia and the others to stay. I’ll be back in an hour!” Once you peel yourself off the floor, who do you call? Your best and most discreet friends at ALA, of course. In this interactive webinar, you’ll learn everything you need for you and your classmates to brainstorm a new compensation model that will meet everyone’s needs and save the firm.
You must register to access.

Gary Allen, Esq.

Founder and Head of Operations

LeadLaw

Gary G. Allen, Esq., is a Founder and Head of Operations at LeanLaw, a legal timekeeping, invoicing and reporting software company, as well as a partner at Givens Pursley LLP where he has practiced law for 30+ years.  He was only three years out of Stanford Law School when the firm he was working for imploded. It happened again three years later. He was left without a job. Those experiences created a passion in Allen to help law firms be better businesses, with efficient operations, streamlined financial management and a laser focus on profitability.

 

CLM® Application Credit: 1 hour(s) of Organizational Development

CLM® Application Credit for Functional Specialists: 1 hour(s) in the subject area of Legal Industry/ Business Management (LI) towards the additional hours required of some Functional Specialists to fulfill the CLM application.

CLM® Recertification Credit: 1 hour(s) in the subject area of Legal Industry/ Business Management (LI)