Best Practice: How to tie bonuses to performance
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am a partner in a 14 attorney firm in San Francisco and I serve on our associate compensation committee. Presently, associate compensation is based on a salary and discretionary bonus. I would like to see a stronger tie to performance. I would appreciate your thoughts.
The ISBA Young Lawyers Division will host "Legal Malpractice Pitfalls for Young Lawyers" on Monday, April 20 from noon-1 p.m. at the ISBA Chicago Office, 20 S. Clark, Ste. 900.