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Episode 272 RESPECT: Attorney Compensation Plans with Brenda Barnes and Camille Stell
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In today’s episode of the Wealthy Woman Lawyer® podcast, I sit down with Brenda Barnes and Camille Stell, renowned experts in law firm management and attorney compensation strategies. Together, we explore their insights from their book "Respect: An Insight to Attorney Compensation Plans," which delves into creating equitable, respectful compensation frameworks for law firms.
With more than three decades in the legal and financial sector, Brenda Barnes, CPA, MBA, brings her expertise in law firm accounting, financial management, and compensation planning. Brenda has managed small to mid-sized firms, founded B2 Legal Management, LLC, and remains a sought-after consultant and speaker on optimizing financial operations within legal practices.
Camille Stell, founder and President of Lawyers Mutual Consulting & Services, has made significant contributions to law firm succession planning, modernizing legal practice management, and supporting attorneys' career transitions. A nationally recognized thought leader, Camille is also the co-author of "Designing a Succession Plan for Your Law Practice" and frequently addresses contemporary issues in law practice management.
Listen in as Brenda, Camille, and I discuss:
- The concept of "respect" in attorney compensation and its critical role in retaining talent within law firms
- Strategies for developing modern compensation plans that promote transparency, equity, and inclusion
- The impact of changing generational expectations on compensation models and law firm culture
- Challenges solo and small firms face in competing with larger firms on compensation
- Building pathways to partnership and retention through innovative compensation structures
LINKS TO LOVE:
- Purchase "Respect: An Insight to Attorney Compensation Plans" by Brenda Barnes and Camille Stell"
- To learn more about Brenda https://www.unanchoredjourney.com and Camille https://www.lawyersmutualconsulting.com/, visit their websites
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