Lately, I’ve had a few money discussions; they pop up from time to time and are usually about being dissatisfied with remuneration, be it income, bonus or equity. Which makes sense, if you are happy with your remuneration, it’s probably not something you raise with your coach, writes Stuart J. Barnett.
Law firms are metric-driven, and it doesn’t take too much to work out what you might be worth to the firm — the more revenue you bring in, the better — and you don’t get the big financial rewards until you are a partner, and an equity partner at that.
Yet money is a complex topic, one which we all grapple with to various degrees, and approach it with our own perspective, mindset, hang-ups and sense of fairness.
Two things stand out from these discussions: generally, we could always do with a little more; and relativity is more important than dollar amount.
So against this backdrop, here are a few observations that might be worth considering when it comes to how you feel about your current remuneration.
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