Partner Performance Management & Remuneration Systems: PPA Webinar

Partner Performance Management and Remuneration Systems: Under-Rewarded High-Flyers & Over-Rewarded Under-Performers – Professional Practices Alliance Webinar In the latest webinar of PPA Growth Strategy Webinar series, Partner Zulon Begum (CM Murray LLP) and expert panel, Beth Hale (CM Murray LLP), David Shufflebotham (Pep Up Consulting) and Corinne Staves (Maurice Turnor Gardner LLP), share their experiences and top tips for dealing with under-rewarded high flyers and over-rewarded under performers. The webinar discusses: • Partner performance management and renumeration systems • The practical steps to dealing with these issues in the short to medium term • Structural issues that may need to be addressed in the medium to long term • The culture of a firm and how this may affect partner performance Listen to the webinar here Three key factors firms need to consider when dealing with partner performance management are: • Putting in place structures to identify performance issues • How adapting partnership documentation and profit allocation systems might help • The culture of the firm and other factors that may influence partner performance Identifying issues: It is important for partner performance to be evidenced and well documented. Firms should also ensure that decisions are data driven. Partnership documentation: Firms should consider adapting their constitutional documentation to ensure there is a clear framework in relation to renumeration provisions to help firms achieve their objectives, while also retaining flexibility. Culture: It is important for firms to have a remuneration and reward framework in place which is aligned with the culture of the firm. If you have any questions arising from this recording or would like to discuss Partner Performance Management and Remuneration Systems; Under-Rewarded High-Flyers and Over-Rewarded Under-Performers or for any other partnership law issues, please contact Partner Zulon Begum or Managing Partner Clare Murray.