A well-conceived and skillfully implemented compensation plan can attract and retain top talent, increase profits, and take your law firm in the direction you want. In this practical webinar, you’ll receive step-by-step guidance on how to select a compensation system that is right for your firm. Among other things, you’ll learn about:
- The role of compensation in a law firm
- Key elements of every well conceived and implemented compensation system
- The importance of tying your compensation system to the firm’s economic goals and professional objectives
- Compensation criteria that motivate partners to:
- Originate new business
- Produce legal work
- Work hard
- Manage the firm and its components
- Market the firm and train associates
- Various kinds of origination credit, how they are implemented and their valuation
- Tracking origination credit
- The relationship of business origination to compensation, including:
- Permanency of origination credit vs. a sunset rule
- Allocating credit for new business/cross-selling
- The relationship of billings and collections to compensation
- The relationship of delegation of work to others to compensation
- The relationship of firm management and administrative assignments to compensation
- Models of compensation plans
Joel Rose
Joel A. Rose & Associates, Inc.
Joel A. Rose is a Certified Management Consultant and President of Joel A. Rose & Associates, Inc., management consultants to the legal profession. Mr. Rose regularly performs and directs consulting assignments in law firm management and organization, strategic and financial planning, lawyer compensation, and the feasibility of mergers and acquisitions and marketing of legal services. Mr. Rose is author of a chapter in the newest book on partner compensation, Compensation Design For Law Firms. He is a graduate of New York University and the Wharton Graduate School of Business.
CLE Credits (Law)
| Credit | Value | Type | Format |
|---|---|---|---|
In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.
What is a webinar?
A webinar is simply a seminar that you attend online. You either watch a live video feed of the speaker or listen to the speaker through your computer, tablet or phone’s audio. You see the speaker’s slides, videos, and other presentation materials on your screen.
Can I ask questions during the webinar?
Yes. During the live webinar, you may submit questions and comments and the speaker will respond verbally. For a recorded webinar, your questions will be emailed to the speaker. You will typically receive a response from the speaker within two business days.
Can I attend using a tablet or smartphone?
Yes. You may attend a webinar using a computer, tablet or smartphone.
If I can’t attend a webinar live, can I view the recording later?
Yes. Shortly after each live program ends, we send all webinar registrants a link to the webinar recording. You can view the recording as many times as you like after the live webinar for up to 12 months.
What is an on-demand webinar?
An on-demand webinar is a previously recorded webinar that you may view at any time after your purchase for up to 12 months.
Can I stop a recorded webinar and start it later at the same point?
You can stop a recording and later log back in and navigate to any point in the webinar. The system will not force you to view the entire recording from start to finish.
Can I listen to recorded webinars on a tablet or smartphone?
Yes. You will be able to listen to any of our on-demand webinars on your computer, tablet, or smartphone.
Do the webinars qualify for Continuing Education Credit?
Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit. Unlike many providers, we don’t charge you any additional fee to process your credit. If you have specific questions, please call us at 703-372-0550 or contact us.
Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.
Will I receive a certificate of completion after the course?
Yes. A certificate of completion will automatically be uploaded to your Clear Law Institute account after completing the live or on-demand webinar.
Do I need to be a member to receive a certificate of completion?
No. An account will automatically be created for you when registering for a webinar. You will then be able to access your certificate of completion after completing a webinar.
How do I determine my states’s CLE requirements.
Please find your state listed here with instructions for calculating the number of credits in your state.
How will I submit my attendance to receive CLE credit in my state?
Please find your state listed here with instructions for confirming your CLE attendance.
How does the money-back guarantee work?
Clear Law Institute stands behind all of its courses with a no-risk, money-back guarantee. If you are not satisfied with the quality of a webinar, we will fully refund your money—no questions asked. If you purchase an annual all-access membership, you can cancel within 14 days for a full refund.
79% of attendees recommend this webinar
4 out of 5 stars
from 24 customer reviews
5 out of 5
Richard R.
5 out of 5
Very well-paced and geared toward any size law firm.
Richard S.
4 out of 5
Marc R.
4 out of 5
Christine F.
5 out of 5
Stephen P.
2 out of 5
This was one of the worst webinars I’ve ever watched. Huge waste of time and money.
The speaker was extremely stiff and boring. He sounded like he was reading off a script, and spoke in a monotone, with stilted, overly formal language that sounded like a bad imitation of legalese. Horrible public speaker.
There was literally no new information in the presentation whatsoever. He said nothing at all that I didn’t already know. The speaker seemed to be very out of touch with new developments in firms. I felt like he was speaking to a baby boomer audience and didn’t understand changes in the legal market over the last 10 years or so. I also feel like all of the information was geared towards very large law firms. I have a small firm, and this information felt completely irrelevant to me.
Mark Gabel
5 out of 5
Stuart H.
4 out of 5
Clear and concise
Edmund R.
5 out of 5
E. Lee S.
4 out of 5
Michael D.
5 out of 5
I was very impressed by the depth of knowledge and practical experience of the presenter. The course materials are also excellent.
Melissa B.
5 out of 5
Thomas D.
4 out of 5
Mildly disappointed
Timothy M.
5 out of 5
Great webinar. I would like to receive a true sample compensation program design which includes objective and subjective measures.
James M.
5 out of 5
It was a very complete and informational presentation with helpful written materials.
Jon K.
5 out of 5
Sandra S.
5 out of 5
Stephanie Q.
3 out of 5
Benjamin L.
5 out of 5
Holly M.
4 out of 5
Lee M.
4 out of 5
Good speaker, but I would like to have had a little more empirical data to help quantify alternative compensation structures.
Gregory C.
2 out of 5
This was pretty much a waste of time. I am hopeful that the detailed resources that the speaker referenced as handouts for the presentation will be of some value because the slides and war stories were pitched so low as to assume that the audience had absolutely no experience with law firm compensation structures. No attention at all was paid to the progression of an attorney from the ranks of associate to the partnership. No attention was paid to the financial health of the firm as to what is the appropriate amount of the pie for partner distribution in the first place. SO many more issues than Origination Credit and a billable hour expectation could have been discussed but the speaker and the slides just kept hitting those two items + partner communication. This was so general and obvious that I am kicking myself for the time and money I allocated to it.
Andrea Friedman
4 out of 5
This was a great overview – what would have made this totally worthwhile would be a sample spreadsheet on how to do some of these calculations. There were a few good ideas that I hadn’t considered, but the level of discussion was too high for what I was hoping to get out of it.
Stephen K.
3 out of 5
Charles P.