![\"9798218527303-Perfect-e-102024-final.indd\"](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2024\/10\/Respect-bookfinal-scaled.jpg\" "\\"9798218527303-Perfect-e-102024-final.indd\\"")
\n\t\t\t\t<\/a>\n\t\n\t\t\t\tThe Law Firm Compensation Experts\n\t\t\t<\/h6>\n\t\n\t\t\t\tAbout Us\n\t\t\t<\/h2>\n\t\t\t\t![\"Barnes](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2022\/11\/Barnes-Bio-Pic.jpg\" "\\"Barnes")
\n\t\n\t\t\t\tBrenda Barnes, MBA, CPA\n\t\t\t<\/h3>\n\t\t\t
\n\t\n\t\t\t\tBrenda Barnes, MBA, CPA\n\t\t\t<\/h3>\n\t\t\t
Brenda Barnes is a graduate of the University of Texas at Austin in Accounting and has an MBA from Texas State University. She is a legal and accounting professional with over 35 years of experience working with solo to mid-sized law firms across the United States. Brenda has an innate understanding of best practices in law firm accounting and financial management.\u00a0Brenda is the founder of B2 Legal Management, LLC, known as B2 which provides outsourced accounting and billing services to law firms. She sold the business in 2021 and focuses her time on her consultancy practice providing clients with custom compensation plans, succession planning and financial management. (brenda-barnes.com)\u00a0Prior to launching B2, Brenda served in the capacity of Firm Administrator in the Austin, Texas area. During this time, she was active in the Association of Legal Administrators (ALA) and served in many leadership roles. She is a past president of the Austin Chapter. As a guest speaker and panelist, Brenda is a sought-after speaker on topics relevant to the effectiveness and efficiency of law firm practices, from budgeting and cash flow forecasting, to law firm compensation, financial internal controls, and succession planning. She has been recognized by her peers and law firm managing partners, as well as the business community, for her accomplishments in the field.<\/p>\t\n\t\t\t\t![\"Camille](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2022\/11\/CamilleStell_2020-Headshot-1.jpg\" "\\"Camille")
\n\t
\n\t\t\t\tCamille Stell\n\t\t\t<\/h3>\n\t\t\t
Camille is the founder and President of Lawyers Mutual Consulting & Services. She is a nationally recognized speaker, writer, and thought leader on building modern law firms, compensation planning, succession planning, and life after law. Learn how to implement compensation systems to make sure you can attract and fairly compensate the best talent.<\/p>\t\n\t Whether you’re looking for details on partner comp or associate comp, our book has you covered.<\/p>\t\n\t\t\t\t Get insights on compensation trends, tax implications, nuances in compensation, and common controversies to make sure you’ve got all your bases covered.<\/p>\t\n\t Introduction\u00a0 \u00a01How To Use This Book\u00a0 \u00a03Chapter 1: A Compensation Overview<\/strong>\u00a0 \u00a011\u2022 Current compensation models\u2022 Law school debt issues\u2022 Compensation formulas\u2022 Aligning a modern compensation plan with up-to-date market dataChapter 2: Partner Compensation Systems<\/strong>\u00a0 \u00a031\u2022 Partner compensation defined\u2022 Common partner compensation models\u2022 Strategic points for designing compensation systems\u2022 Communication methods\u2022 Compensation formulasChapter 3: Business Origination<\/strong>\u00a0 \u00a067\u2022 Types of origination\u2022 Determining who gets credit\u2022 Credit granted for a limited time or in perpetuity\u2022 Origination credit and equity\u2022 Origination policies and avoiding conflict\u00a0Chapter 4: Managing Partner Compensation<\/strong>\u00a0 \u00a082\u2022 The managing partner role\u2022 Characteristics of a strong managing partner\u00a0Chapter 5: Associate Compensation<\/strong>\u00a0 \u00a092\u2022 Case studies in associate compensation\u2022 Using your compensation plan to reach firm goals\u2022 The burden of law school debt\u2022 Emotional factors of compensation\u2022 Performance measures for lawyers beyond the billable hour\u2022 Bonus planChapter 6: Compensation and Tax Implications<\/strong>\u00a0 \u00a0129\u2022 Entity types\u2022 Reconciling book net income and taxable incomeChapter 7: Compensation Carve-Outs<\/strong>\u00a0 \u00a0142\u2022 Paying new partners\u2022 Paying non-equity partners\u2022 Paying practice and industry team leaders\u2022 Retirement\u00a0Chapter 8: Compensation System Biases\u00a0<\/b> \u00a0156\u2022 Patterns of racial bias in law firms\u2022 Steps firms can take to battle inherent biasesChapter 9: Trends in Compensation<\/strong>\u00a0 \u00a0186\u2022 Workplace trends\u2022 Legal deserts\u2022 Succession planning\u2022 Benefits beyond salary\u2022 Reviewing and updating a compensation planChapter 10: Law Firm Valuations and Equity Buy-Ins\u00a0 <\/b>216\u2022 Importance of Law Firm Valuations\u00a0\u2022 Standard methods utilized by valuation consultants.Chapter 11: Compensation Case Studies \u00a0<\/b>234Chapter 12: Interviews with 3 Law Firms <\/b>255\u2022 King Law\u2022 McIlveen Family Law Firm\u2022 Cranfill Sumner, LLPConclusion\u00a0 \u00a0293Appendix\u00a0 \u00a0297About the Authors and Editor<\/strong> \u00a0306\u2022 Brenda Barnes, CPA, MBA\u2022 Camille Stell\u00a0\u2022 Connie Copeland\u00a0<\/p>\t\n\t\t\t\n\t\t\t\t\t\t\tGet The Book\n\t\t<\/a>\n\t Partner compensation is often referred to as the ‘third rail’ in law firms – making necessary change\u00a0difficult to tackle.\u00a0 Brenda and Camille have approached this topic in a methodical way.\u00a0This book is a great read whether you are just getting started in your law firm leadership journey, or if\u00a0you have been here a while and are ready to think differently about a tough topic.<\/p>\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t We are a relatively small firm. Our firm has a “sea change” coming at the end of this year. I bought your book for one of our shareholders to competently address the issues which come up. She has read the whole thing and directed me to order two more copies.We expect to use this as a manual for addressing our compensation changes. Just thought you should know that this book has and will make what we face much easier. Can’t wait for your next book to come out.<\/p>\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t Camille Stell and Brenda\u00a0Barnes recognized that most American lawyers work in smaller and mid-size firms, where core values have greater importance and personal relationships mean so much more.\u00a0Camille and Brenda have\u00a0responded with this clear, straightforward guide to partner compensation for those law firms in which\u00a0culture really matters, collegiality and client service are genuine priorities, and respect\u00a0among\u00a0professionals is meant to be strengthened\u00a0every day.<\/p>\n Partner compensation in smaller and\u00a0midsize firms is about more than just money – read\u00a0this invaluable\u00a0book to find out why and how.<\/p>\n\t\t\t\t\t\t\t\t Brenda Barnes and Camille Stell have written a book that the legal profession badly needs. They speak from a depth of both knowledge and experience about what lawyers and law firms need if they want to achieve the firm culture they say they desire; namely, compensate in a way that supports mission, values and long term vision and strategy.All lawyers interested in understanding law firm compensation systems, discovering why past systems may not be the path to satisfaction today, and digging into possible alternative systems for the firm of the future, will find this publication an excellent resource.<\/p>\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t Insights On Compensation For Small To Mid-Sized Law Firms RESPECT – An Insight To Attorney Compensation Plans Get the only guide you need for designing and implementing compensation systems to grow and scale your law firm, written by the law firm compensation experts.2nd Edition, with 100+ new pages and case studies! Get The Book Buy …<\/p>\n
She is also the co-author of\u00a0Designing a Succession Plan for your Law Practice: A Step-by-Step Guide for Preparing Your Firm for Maximum Value<\/em>, published in 2021. She counsels law firms on next-level solutions, and she coaches individual lawyers on real-time problems.
After graduating from Meredith College and its paralegal program, Camille worked at top law firms in North Carolina and managed client services and risk management for the State’s largest legal malpractice insurance provider.
She has chaired the Law Practice Management Section of the North Carolina Bar Association and the Legal Marketing Association Raleigh City Group. She has served on the North Carolina State Bar Committee to Study Regulatory Reform, the Duke Law Tech Lab Advisory Group, the North Carolina Pro Bono Resource Center Advisory Board, and the Legal Aid of North Carolina Innovation Lab Advisory Board.
Camille is a Fellow in the College of Law Practice Management. She was honored by the\u00a0Triangle Business Journal<\/em>\u00a0with its “Women in Business” award, and by\u00a0North Carolina Lawyers Weekly<\/em>\u00a0in its inaugural class of “Leaders in the Law.”<\/p>\t\n\t\n\t\t\t\tAbout The Book\n\t\t\t<\/h6>\n\t
\n\t\t\t\tWhat We Cover\n\t\t\t<\/h2>\n\t\t\t\t
![\"calc-hands\"](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2022\/11\/calc-hands.jpg\" "\\"calc-hands\\"")
\n\t\n\t\t\t\tImplementation\n\t\t\t<\/h4>\n\t\t\t
\n\t\t\t\tCompensation Systems\n\t\t\t<\/h4>\n\t\t\t
![\"architect-plan\"](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2020\/02\/architect-plan.jpg\" "\\"architect-plan\\"")
\n\t\t\t\t![\"architect-buildings\"](\"https:\/\/attorneycomp.wpengine.com\/wp-content\/uploads\/2020\/02\/architect-buildings.jpg\" "\\"architect-buildings\\"")
\n\t\n\t\t\t\tInsights\n\t\t\t<\/h4>\n\t\t\t
\n\t\t\t\tTable Of Contents\n\t\t\t<\/h4>\n\t\t\t
\n\t\t\t\tWhat They’re Saying\n\t\t\t<\/h6>\n\t
\n\t\t\t\tBook Reviews\n\t\t\t<\/h2>\n\t\t\t\t\t\t\t
Debbie Foster, Managing Partner, Affinity Consulting Group<\/h6>\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t
A Grateful Reader<\/h6>\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t
Jordan Furlong, Legal Sector Analyst, Law21<\/h6>\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t
Thomas C. Grella, former managing partner of McGuire, Wood & Bissette, PA in Asheville, NC, and author of Lessons in Leadership: Essential Skills for Lawyers.<\/h6>\t\t\t\t\t\t\t\t\n\t\t\t\n\t\t\t\t\t\t\tGet The Book\n\t\t<\/a>\n\n","protected":false},"excerpt":{"rendered":"