In the latest episode of “Steve’s Rules”, TMG’s Steve Nelson interviews Tim Corcoran of the Corcoran Consulting Group on designing and implementing law firm partner compensation programs and its application to lateral hiring and integration. Among the topics discussed were:
- The primary issues that are leading firms to retain his services.
- The most frequent flaws in law firm compensation systems
- Balancing the contributions of rainmakers and key subject matter experts.
- How firms handle compensation of laterals, particularly in situations that those attorneys are not bringing all of their originated business to their new firms.
- How firms should design bonus programs for laterals
This is the 17th episode of Steve’s Rules. The podcast is available on virtually all platforms, including Apple and Spotify.
