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Commentary

LAWBIZ COACHES CORNER: Which compensation model is the most incentivizing?

Ed Poll is the principal of LawBiz Management. He coaches lawyers and is the creator of “Life After Law,” a program that helps attorneys plan for profitable exits. He can be contacted at edpoll@lawbiz.com.

Typically, there are two general models for compensation: “lockstep,” in which the firm’s overall success each year is averaged out to determine the standard rate of compensation increase for most lawyers at each level of experience; and “eat what you kill” or EWYK, by which all attorneys are rewarded on how much business they personally bring in.

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Donning and Doffing: What would Cardozo do?

Judge Richard Posner

Seventh U.S. Circuit Court of Appeals Judge Richard Posner is raising eyebrows with this opinion, in which he gleefully admits that he went out and bought safety equipment and timed three clerks as they put it on and took it off in chambers in order to test the reasonableness of the poultry-plant workers’ claims in a “donning and doffing” case.

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Commentary: Quote unquote

featured-expert-books-legal

“Lawyer walks into a bar….” You know the rest. You’re at a party and you’ve just mentioned that you practice law. Invariably, inevitably and unenviably, someone uncorks a lawyer joke.

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