Developing the Next Generation of Rainmakers
In December last year, the New York Times published: Big Law Firms Bring Back Hefty Bonuses for Associates. I found this interesting:
“This year’s bonuses reflect a premium being paid to experience,” said David Lat, founder and managing editor of Above the Law. “There are big bumps at the midlevel and the senior level.”
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Did you read a November, 2011 New York Times article: What They Don’t Teach Law Students: Lawyering? It referenced an American Lawyer survey finding that 47% of clients surveyed did not want first or second year associates working on their matters. It also identified what clients are saying to firms:
But the downturn in
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In a few weeks, one of the partner groups I am coaching will be discussing motivation: Partners, Associates and legal assistants. I want to share my thoughts and what I have read about motivation.
There was a time in my old firm where the bonus structure for associates could not have been more clear and…