How Law Firms Can Leverage Compensation Plans to Meet Strategic Goals with Brenda Barnes and Camille Stell
Do you want to learn the secrets of leveraging attorney compensation for a more profitable law firm?
Join Moshe Amsel as he welcomes guests Brenda Barnes and Camille Stell to explore the intricacies of attorney compensation on the Profit with Law Podcast. Dive into the details of their co-authored book, "Respect: An Insight into Attorney Compensation Plans," and uncover strategies for using compensation to align with firm goals, enhance productivity, and create a fulfilling work environment. Brenda and Camille share insights on setting up performance-based compensation, understanding the motivations behind partnership tracks, and avoiding common pitfalls in pay structure.
Listen now to transform your firm’s compensation strategy and drive growth while maintaining a thriving workplace culture!
Episode Highlights
[00:00] Introduction to Brenda Barnes and Camille Stell
[20:01] Connecting compensation with your culture
[30:24] How much should you compensate?
[35:04] Compensation bias
[40:26] Path to Partnership
[46:03] The right time to implement strategic compensation plans
[50:06] Brenda Barnes and Camille Stell’s parting piece of advice
Resources
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Book your FREE strategy session today!: profitwithlaw.com/strategysession
Send an email to [email protected] to get access to Motivate the Unmotivated with Performance Based Compensation, Moshe’s talk from the Law Firm Growth Summit.
Connect with Brenda Barnes: Website | Personal LinkedIn
Connect with Camille Stell: Website | Company LinkedIn | Personal LinkedIn
Respect: Insight to Law Firm Compensation by Brenda Barnes and Camille Stell - https://lawofficemanagementbooks.com/
About Brenda Barnes
Brenda is a graduate of the University of Texas at Austin in Accounting and has her 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.
Connect with Brenda Barnes on her Website. You can also follow her on her Personal LinkedIn.
About Camille Stell
Camille is an expert in the area of law firm compensation, succession planning, and path to partnership. She and Brenda Barnes have written a book, Respect: An Insight to Attorney Compensation Plans with their 2nd Edition published in October 2024.
Connect with Camille Stell on her Website. You can also follow her on her Company LinkedIn, and Personal LinkedIn.
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful.
