All Things Considered, The Optimal Partner Compensation System Is…

by | November 2, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

And the winner is…"Modified Lockstep," closely followed by my own
perverse favorite "there’s no such thing."  Specifically,
"lockstep with super-points" drew the most votes and "lockstep with geographic
[or] practice group flexibility" were, combined, also in the running.  This
being a blog named after the intellectual godfather of capitalism, I
am extremely gratified to report that "unfettered eat what you kill"
beat "traditional lockstep" by nearly 3 to 1, but, as noted, the back-benchers
choosing "no such thing" posted a very strong second showing.

My take on this?  In a humane and enlightened, and yes, incentive-driven
world, some specific-to-your-firm "modified lockstep" is indeed the superior
choice.  Proving once again the readers of "Adam Smith, Esq." are
a discerning lot.  (For those of you who don’t know each other,
trust me; this comes through in my emails all the time.)

Thanks and kind regards to all for voting—and for those of you
who abstained:  What’s your problem?  Don’t tell me readers
of this blog are opinion-challenged?!

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