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Legal Business

Managing Partner Performance

Now that 2009 has come to an end, law firms are breathing a sigh of relief and looking forward with hopes of a better year to come. As with any year-end, it is also time to dole out partner compensation, and many firms are hop­ing they were able to stem the lack of demand for legal services with cost-cut­ting measures to keep their profits per partner above an acceptable threshold. One interesting observation is that al­though many firms evaluated their em­ployees and their performance relative to saving the bottom line, an in-depth view of partner performance was by and large ignored.

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