leverage

01:02 Jan 10, 2020 

Leverage: “The more associates or non-equity partners per equity partner means easier annual equity partner income.”

As the ratio of partner to non-partner billing staff (Leverage) goes down, a greater percentage of net income must go to partners to maintain or increase their income. A firm with 20 associates and 20 partners has a leverage of 1:1. If the firm has a ratio of less than one, it has more partners than associates. If a firm is “highly leveraged,” it means that there are many non-equity workers working for the smaller number of equity partners.

Annual income for the equity partners grows by adding more productive associates who produce annual billable hours in multiples of their annual hourly pay. - http://www.lawbill.com/2014-know-r-u-l-e-s/

01:01 Jan 10, 2020 

How to Identify and Leverage Employee Strengths

Once you identify employee strengths, how can you leverage this knowledge to improve business performance? Forbes argues that it's beneficial for you to put employees with differing strengths on the same team. For example, 10 planners and five communicators might get off to a great start on a particular project but fall down if the unexpected happens or the assignment becomes more technically demanding than originally planned. In this way, diversity breeds dividends.

By highlighting the advanced skill sets that each of your employees possesses, you can help lift your bottom line - https://www.adp.com/spark/articles/2018/10/how-to-identify-a...