Law Firm 101: Understanding How Law Firms Make Money, Pay Attorneys, and Set Budgets and Why the Role of Legal Marketers Is Highly Valued

Domain: Business of Law

Ever wonder how partners’ comp gets set? How the firm’s annual budget is built? In this session, we throw away the economics glossary to explain in simple terms the business of law.

Topics include:

  • A summary of basic law firm economics
  • How partner compensation is structured, including the difference between equity and non-equity
  • How budgets are built and what affects budgets
  • Why partners care about marketing

Ezra Crawford, Director, Practice Group Business Development & Management, Crowell & Moring LLP

Member Price: $59
Prospective Member Price: $79

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Video-Recorded Session

This session includes video, audio and synced presentations for an enhanced virtual learning experience.