PBA Law Practice Management Resources
Compensation Planning
In profitable times, the worst compensation system looks good. But in years with poor financial
performance, even the best compensation system looks bad. There is no one "right" system.
All have advantages and disadvantages. Your compensation system should be molded to the culture
of the firm. And all compensation systems will, in a real sense, help to mold and define the firm's culture. Remember, your compensation system should reinforce and reward the behaviors the firm values.
This section provides resources to help you understand the relationship between compensation and
performance, and the various types of systems to consider.
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