Georgetown Law’s Partner Compensation Workshop goes beyond the basics of partner compensation to address the most pressing issues facing law firm compensation committees and decision makers:
- Rewarding stars while also addressing the needs of non-rainmaking partners
- Handling unwelcome declines in profitability
- Addressing compensation for those with significant management responsibilities
- Ensuring that compensation supports the firm’s strategy, culture, and talent-management philosophy
- Managing the process of changing a firm’s compensation structure
This intimate workshop brings together law firm leaders and compensation decision-makers to discuss how partner compensation practices can best align with firm’s strategic and organizational imperatives. The two-day course features:
- Case studies on compensation issues faced by domestic and international firms, enabling participants to make sense of the complexities in compensation decision-making
- Discussion with peers, facilitated by experts, on best practices, helping participants avoid common missteps in compensation-related decisions
- Consultants and experts in human behavior with extensive experience in helping firms address compensation issues, providing tips for dealing with concerns such as underperformance and compensation for significant management responsibilities.
Who Should Attend?
Managing partners, executive and compensation committee members of firms that are considering changes to their partner compensation structure, addressing specific compensation-related issues, or concerned their current compensation model is becoming obsolete. This workshop is also appropriate for new compensation committee members or other firm-wide managers involved in setting partner compensation.
Faculty Biographies
James W. Jones is a Senior Fellow at the Center for the Study of the Legal Profession at the Georgetown University Law Center. He is also Principal of Legal Management Resources LLC, a consulting firm providing management and leadership resources for law firms around the world. He is widely recognized as an expert on the U.S. and global legal markets, and he previously served as the Chairman of the Hildebrandt Institute, Managing Director of Hildebrandt International, Vice President and General Counsel of APCO Worldwide, and Managing Partner of Arnold & Porter, LLP. Jim frequently works with law firms and their leaders on issues of strategy, governance, compensation, succession planning, and risk management. He is the author of numerous books and articles and frequent speaker on legal management topics, including ancillary business, globalization, ethics, strategy, and partnership issues. He holds a BA from Trinity University and a JD from New York University.
Milton C. Regan, Jr. is the Co-Director of the Center for the Study of the Legal Profession and Professor of Law at Georgetown Law. His work focuses on ethics, corporations, law firms, and the legal profession. Before joining Georgetown Law, Professor Regan clerked for Judge Ruth Bader Ginsburg on the U.S. Court of Appeals for the District of Columbia Circuit and Justice William J. Brennan, Jr. of the Supreme Court of the United States. As an associate at Davis Polk & Wardwell in Washington, DC, he worked on matters relating to white-collar crime and the defense of attorneys and accountants. Professor Regan is the author of Eat What You Kill: The Fall of a Wall Street Lawyer and co-author with Jeffrey D. Bauman of Legal Ethics and Corporate Practice as well as the author of numerous articles and book chapters on lawyers and the legal profession. He holds a BA in Political Science from University of Houston, an MA in Urban Planning from the University of California, Los Angeles and a JD from Georgetown Law.
Lisa Rohrer, PhD is the Director of Executive Education and Research Fellow at the Center for the Study of the Legal Profession at Georgetown University Law Center. Her areas of expertise include the leadership and strategy of professional service firms, client satisfaction and survey research. In addition to launching Georgetown Law’s executive education program, she is currently conducting research on the changing management models and structures in law firms, segmentation of the US legal market, and managing professional talent. Prior to joining Georgetown, Lisa was the Director of Research at the Hildebrandt Institute, a division of Thomson Reuters. She was also a Research Fellow at Harvard Law School, where she coauthored numerous cases on law firms and other professional service firms. Lisa’s articles have appeared in American Lawyer, Practice Innovations and PRWeek as well as academic journals. She holds an AM in Sociology and a PhD in Organizational Behavior from Harvard University and a BA in Psychology from Wellesley College.
Marcia Pennington Shannon is a founding Principal and Chairman of The Shannon Group, a consulting firm focused on lawyer development. She has nearly 30 years of experience in lawyer career and professional development. Marcia is a Certified Master Coach and has extensive experience in performance and executive coaching, especially focused on those in leadership and management roles. Most recently, Ms. Shannon served as Managing Editor and coauthor of The Lawyer’s Career Management Handbook: Your Bridge to a Satisfying Career (West Publishing, 2010) and contributing author to The Art and Science of Strategic Talent Management in Law Firms (West Publishing, 2010). In addition to her role as Chair of The Shannon Group, Marcia serves as Assistant Dean, Office of Career Services, at Georgetown Law.
Lisa R. Smith is a Principal at Fairfax Associates and advises law firms domestically and internationally on strategy development, mergers, management and governance, partner issues, and financial and operational performance and management. Prior to establishing Fairfax in the United States, Lisa was head of the Law Firm Strategy & Structure Practice Group and founded the Washington office of Hildebrandt Baker Robbins. Before joining Hildebrandt, Lisa was a senior consultant in PricewaterhouseCooper’s Law Firm Services Group. Lisa has written white papers, articles, and blogs on the strategic and management issues facing law firms. She also authored Anatomy of a Law Firm Merger (2004), published by the American Bar Association.
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