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A New Associate’S Field Guide To Partner Compensation, Joseph A. Schremmer
A New Associate’S Field Guide To Partner Compensation, Joseph A. Schremmer
Faculty Scholarship
This article surveys three broad models of income and expense allocation regarding law firm compensation for partners: the true partnership model; the modified partnership model; and the eat-what-you-kill model. The goal is for young lawyers to understand the fundamental differences among these compensation models even as there are myriad ways to allocate income and expenses.