Compensation / Books
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If you had to pick just one book to read to be more a more effective managing partner, this is it. Managing the Professional Services Firm ($26.00, Free Press), written by David Maister, covers a wide array of topics ranging from strategy to profitability, marketing to motivating employees. This should be in every managing partner’s library.
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Jim Calloway has written one of the ground-breaking books on the subject of compensation schemes within law firms. Compensation Plans for Law Firms ($94.95, ABA Publishing) is a great reference to help you and your firm develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.
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