This blawg discusses all levels of law firm lawyer compensation, from associates to service partners, to rainmakers, to lawyer-managers, and senior lawyers who are phasing down in preparation for retirement. It comments on external market forces as well as the complex internal issues of system design, productivity, and motivation. It draws on Altman Weil’s extensive survey databases as a source of compensation trends and benchmarks.
Author: Jim Cotterman is a principal with Altman Weil, Inc., based in Newtown Square, Pa. He is the lead author of ABA’s Compensation Plans for Law Firms. He is a member of the board of editors of American Lawyer Media’s newsletter Accounting and Financial Planning for Law Firms. Another Altman Weil principal, Charles A. "Biff" Maddock, authors Maddock on Marketing.