All Things Considered, The Optimal Partner Compensation System Is...

And the winner is..."Modified Lockstep," closely followed by my own perverse favorite "there's no such thing."  Specifically, "lockstep with super-points" drew the most votes and "lockstep with geographic [or] practice group flexibility" were, combined, also in the running.  This being a blog named after the intellectual godfather of capitalism, I am extremely gratified to report that "unfettered eat what you kill" beat "traditional lockstep" by nearly 3 to 1, but, as noted, the back-benchers choosing "no such thing" posted a very strong second showing.

My take on this?  In a humane and enlightened, and yes, incentive-driven world, some specific-to-your-firm "modified lockstep" is indeed the superior choice.  Proving once again the readers of "Adam Smith, Esq." are a discerning lot.  (For those of you who don't know each other, trust me; this comes through in my emails all the time.)

Thanks and kind regards to all for voting—and for those of you who abstained:  What's your problem?  Don't tell me readers of this blog are opinion-challenged?!

http://www.bmacewen.com/blog/archives/2005/11/all_things_cons.html