Tim Corcoran joins ALA Legal Management Talk podcast host Kate Raftery to discuss trends in law firm partner compensation, previewing the content of an upcoming ALA workshop on Advanced Financial Management for law firms.Read More
In an episode of the Beyond Billables podcast, host Michael Bromley and international legal management consultant Tim Corcoran discuss the changing legal marketplace, in particular how law firm leaders need to step up and help their law firms to adapt and thrive in the new normal.Read More
This video excerpt is the introduction of a presentation I delivered at ALPMA Summit 2017, the Australasian Legal Practice Management Association's annual conference, in Brisbane, Queensland. While the substantive content is slim, this clip provides a brief glimpse of my presentation style. You can access the full video in the ALPMA library here.
Law firm leaders are waking to the realization that partner compensation plans often underemphasize business development and, in some cases, pose a significant obstacle to fostering a collaborative, client-focused, continuous improvement and growth-oriented culture. It’s time to fix that.Read More
Law firm partner compensation schemes, whether lockstep or eat-what-you-kill, subjective or formulaic, open or closed, tend to share one overriding flaw: they fail to proactively and transparently define the behaviors expected of partners in order to drive such behavior. If law firm leaders want change, they need to reward it.Read More