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ARTICLE · 01 DECEMBER 2016

Hard As I Try I Can't Make This Square Peg Fit In This Round Hole

Applied Strategies, Inc.
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In a 2001 edition of Edge International Michael J. Anderson published an article titled Partner Compensation Systems in Professional Service Firms.

CanadaLaw Practice Management
Stephen Mabey
Stephen Mabey
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In a 2001 edition of Edge International Michael J. Anderson published an article titled Partner Compensation Systems in Professional Service Firms. In the article he identified seven basic plans which were then utilized as the basis for most professional services firms' partner compensation systems, subject obviously to some tweaks by firms. The plans identified were:

  • Equal partnership
  • Lock-step
  • Modified Hale and Dorr
  • Simple unit formula
  • 50 / 50 Subjective / Objective
  • Team-building
  • Eat-what-you-kill

Firms leaning towards more subjective interpretation of partners compensation trend towards lock-step and equal partnership and those leaning towards more objective interpretation trend towards 50 / 50 subjective / objective and eat-what-you-kill systems.

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