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Law Practice

Apr. 14, 2000

Paying the Price

DICTA Many successful firms use a system of low partner draws coupled with monthly or quarterly profit distributions.

By Blane R. Prescott
         The first quarter of each calendar year tend to be a healing time for many firms. Having just gone through the process of setting partner compensation, firms are recovering from the bruises and arguments that often accompany discussions and decisions about how to compensate partners. Fortunately, many of these problems can be avoided. The following list summ...

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