How Firms are Compensating Partners

Source: Inside Public Accounting

The following includes excerpts from the article "Partner Compensation: What Goes Into Compensating Partners."

Below, IPA presents results of the 2009 Annual Survey and Analysis of Firms, which show the percentage of firms that award additional compensation for partners in four main areas of responsibility.

In addition to compensating in these four commonly cited areas, firms are also getting creative, identifying the kinds of behavior they want to see in their partners. Additional activities being rewarded by extra compensation for partners include fostering a "one-firm" attitude, client management, realization, cash collections, referring work to other partners, niche development, timely billing, community service, office profitability and contributions toward succession planning, to name a few.

To read the complete article, click here.

From Inside Public Accounting, December 2009, p. 7. The Platt Consulting Group, http://www.insidepublicaccounting.com.  Subscription $409 per year; back issues -- nonsubscribers $50. 317-733-1920.