The role of the partner in the modern law firm has evolved into much more than just doing the work. Partners now are expected to grow the work and build and lead successful teams in addition to advising clients and billing.
A transparent, fair, and consistent method of evaluating partner contribution and development is crucial. Remuneration schemes aligned to partner performance can navigate around any sense of inequity that often results in dissatisfaction and demotivation. High performing partners need to be recognised, praised, and rewarded and rightly so. They need to have the infrastructure in their team to deliver success.
Underperformance also needs to be tackled by a robust partner performance review process that identifies the cause of the underperformance, provides training or support mechanisms to improve performance and sets SMART objectives.
The role of the partner in the modern law firm has evolved into much more than just doing the work. Partners now are expected to grow the work and build and lead successful teams in addition to advising clients and billing.
A transparent, fair, and consistent method of evaluating partner contribution and development is crucial. Remuneration schemes aligned to partner performance can navigate around any sense of inequity that often results in dissatisfaction and demotivation. High performing partners need to be recognised, praised, and rewarded and rightly so. They need to have the infrastructure in their team to deliver success.
Underperformance also needs to be tackled by a robust partner performance review process that identifies the cause of the underperformance, provides training or support mechanisms to improve performance and sets SMART objectives.
How I Can Help
- By reviewing existing partner remuneration and performance management processes making suggestions as to where improvement can be made. Alternatively working with you to put best practice performance review procedures in place.
- Conducting Partner Performance Reviews and setting objectives to ensure a consistent approach to performance review across the partnership.
- Coaching and mentoring for partners that have been in roles for some time or the newly promoted so they are clear as to the extent of the role and what is required.
Developing the Leaders for your Future Success
How I Can Help
- By reviewing existing partner remuneration and performance management processes making suggestions as to where improvement can be made. Alternatively working with you to put best practice performance review procedures in place.
- Conducting Partner Performance Reviews and setting objectives to be achieved to ensure a consistent approach to performance review across the partnership.
- Coaching and mentoring for partners that have been in roles for some time or the newly promoted so they are clear as to the extent of the role and what is required.