Partner): They need to spend money to buy shares in the law firm. In most law firms, the shares of each shareholder and partner are the same.
Shareholders and partners are the highest points in the promotion channel of law firms. They become partners by buying shares in the law firm, grasp the overall development of the law firm, preside over administrative work, open up the source of cases, lead major and complex cases, and bear the profits and losses of the law firm. Its main responsibility is to create value for law firms.
Two, shareholders and partners are divided into two types:
(1) call Rainmaker.
(2) Hard working partners (unofficial
Partner name)
Every partner in the United States must have more than 2000 working hours, and the managing partners of large American law firms should bring in customers. In addition to the 2,000-hour fee requirement, there are about 65,438+0,000 hours for the management of the company.
New york partner: 1200 USD/hour, intermediate USD 600 USD/hour.
The lawyer's fee is expected to exceed $30,000, and the client must pay a deposit first.
Three. Promotion and remuneration of partners
1. Promotion partners (including paid partners and shareholder partners) shall be decided by more than 60% of the partners.
2. The annual remuneration system of partners shall be determined by the remuneration committee.
The Remuneration Committee consists of several shareholders, partners, CEO and two chief operating officers.
Analysis based on objective data: based on working hours;
Subjective consideration: determine different hourly rates;
Compensation for management responsibility-determination of hourly allowance.
3. Consider three principles of partner remuneration:
Reward those who bring customers (find responsibility, find the bonus system, pay for about three years)
Fairness-partners should decide what is fair treatment;
The payment method of salary should be combined with the company's strategic objectives and culture.
4. sleeping partner can be similarly understood as a shareholding system. The partner is the head of the company. Compared with ordinary lawyers, the treatment is greatly improved and there will be corresponding privileges. The most important thing is to get rid of the situation of working for others and work for yourself. However, it will also undertake a series of responsibilities, such as the financial affairs of the firm. According to different places, some are unlimited and some are limited.