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Lawyer Comp: The Third Rail of Legal Value Conversations

Note: In this two-part piece, New Normal contributor Susan Hackett, the former general counsel for the Association of Corporate Counsel, and now the CEO of her own consulting practice, Legal Executive Leadership, explores lawyer compensation in the New Normal. Here, in part one, she addresses the issue of firm comp from the end-of-year perspective, as well as the questions it raises for clients. In part two, next month, she’ll address a framework that could suggest a more realistic method of assessing and paying lawyer comp—based on what legal work is worth, and based on valuation principles beyond what the inside…

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