#306: Creating a Sustainable Group Bonus Structure for Your Law Firm

Are you struggling to create a bonus structure that rewards your team while protecting your firm's financial health? Many law firm owners implement incentive plans that end up hurting their business or creating resentment.    In this episode, Melissa builds on the previous discussions about incentives by focusing specifically on group bonus structures. She shares why revenue-based incentives can be problematic and offers a more sustainable approach based on profit after owner distributions and taxes. This method ensures the business remains healthy while still providing meaningful rewards when the firm is truly thriving.   Get full show notes, transcript, and more information here:https://www.velocitywork.com/306

Om Podcasten

The Law Firm Owner Podcast, powered by Velocity Work, is the go-to resource for law firm owners looking to take their business to the next level. Host and founder Melissa Shanahan shares insights and practical advice on how to organize your numbers, grow your team, increase your revenue, and achieve a better work-life balance. Through quarterly strategic planning, accountability, and coaching, Melissa shows listeners how to create sustainable success for both their firms and their personal lives. Tune in each week to join the community of law firm owners who are committed to taking their businesses from where they are now to where they want to be.