Leaving Lockstep: Moving Toward Competency-Based Compensation
Why Attend?
Is it time to leave the "lockstep"?
Among the many business decisions facing law firms during this volatile economic climate, none is more crucial and timely than the decision to abandon the traditional "lockstep" model for compensating associates. Industry experts continue to suggest that this long-standing industry practice has run its course, and that movement to a merit or competency-based compensation and advancement structure is not only a sound business decision, but also a commitment to the overall professional development of junior lawyers. However, it is one thing to acknowledge the shortcomings of the traditional lockstep approach; it is another thing entirely to implement a replacement that actually works.
In this timely and informative video webcast replay, a distinguished faculty with experience in designing and implementing competency-based systems will offer valuable suggestions and practical tips for developing a system that will work for your firm. This program is a must-see for law firm leaders, decision makers, and anyone involved in implementing and/or monitoring this type of compensation structure.
Topics include:
Making the case for a merit/competency-based system
The basic building blocks
Defining competencies
Tying the system to evaluations, training, and mentoring
Implementing a merit-based system
Communicating the message and explaining the new system
Monitoring and tracking
Lessons learned
And more
Back by popular demand, this video webcast replay was originally broadcast live on July 21, 2009. All webcast registrants receive a set of downloadable course materials and free access to the archived online program. Please note that CLE credit will not be available for this program.
Faculty
Tammy Patterson, CEO/President, The NALP Foundation
Jennifer Queen, Chief Recruitment and Development Officer, McKenna Long & Aldridge LLP
Peter Sloan, Partner, Husch Blackwell Sanders LLP and author of From Lockstep to Levels, Classes to Competencies
Total 60-minute hours of instruction: 2.0 (Note: CLE credit is not available for this program)
Here's what registrants have said about this course:
"Well done - informative and thorough."
"[B]y far one of the most practical and content-rich programs that I have attended."
"Very practical - appreciated lessons learned piece and suggestions re implementation. Very useful."
"This was one of the most informative webinars that I have participated in!"
