BSL: Law Firm Compensation Models
1.0 CLE Credit  I  Purchase the OnDemand

How Do You Compensate an Associate? Your Paralegal? Your Office Manager?

Salaries? Base plus bonuses? Pure commission? Determining how to compensate employees is always something of a guess. Knowing the going market rate is not easy to ascertain, and there are numerous ways to compensate people.

This one-hour webinar will survey and examine some of the plans and systems which law firms design to attract and retain good employees. Attorney David Krekeler, who has been a solo practitioner and has grown his firm to over 30 people, and Michael Moore, a law firm business coach, will discuss the methods they have employed and those used by others. The seminar will:

• Examine the pros and cons of adding staff through analysis of a case study
• Compare your own compensation methods and get ideas for improvement
• Discuss ways to imporve your practice

About the Presenters

J. David Krekeler, with Krekeler Strother, S.C., Madison, devotes his practice to debtor-creditor, bankruptcy, collections, and foreclosure and consumer matters. His practice includes representation of debtors, creditors, trustees and committees in cases under Chapters 7, 11, 12, and 13. Mr. Krekeler is Board-Certified in Business Bankruptcy Law by the American Board of Certification, and is past chairman of the Western District Bankruptcy Bar. He serves on the Consumer Protection Advisory Council for the Department of Agriculture, Trade and Consumer Protection, and is vice-chair of the Board of the BICR section of the State Bar.

Michael Moore, J.D. is the founder of Moore’s Law, LLC and helps both lawyers and law firms create professional success. He specializes in individual coaching, client development, and leadership for lawyers. Michael also advises law firms on strategic planning, growth initiatives and resource optimization. Michael has taught CLE programs on Alternative Billing strategies, Client Intake procedures and Time Management techniques. His published articles have addressed generational conflicts, compensation and succession planning. Michael’s book, “The Lawyer’s Toolkit for Creating Both Personal and Professional Success,” is available from Thomson Reuters and details the non-legal skills necessary for today’s professional lawyer to create sustained success.