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Unformatted text preview: ACC 333 (Farrell) Class 13 Fall 2011 Page 1 of 3 Case Assignment Brainard, Bennis and Farrell Case background and assignment Brainard, Bennis and Farrell is a well-established law firm in Stamford, Connecticut. Founded in 1963, the firm gained an exceptional reputation and enjoyed years of success under its founders and its Executive Committee. Recently, however, financial performance has declined and disputes have arisen amongst the partners. This has come to a head with heated disagreements over the point system used to allocate firm profits to the 37 partners. Richard Kincaid, Chairman of the Executive Committee, must allocate the firms profit pool in a way that best meets the firms goals, and must be prepared to defend his allocation decisions. You have been hired by Kincaid to help with this task. Questions 1) At the current time, what is (are) the firms primary goal(s)? In other words, what do the principals believe the firm must do to thrive in the current and future legal environment? 2) Have the goal(s) identified in the last question been the same since the firm was founded? If they have changed, what are some factors that caused the change? 3) If more than one goal was identified in the first question, are all the goals equally important, or are some more important than others? Explain. 4) What is the firm trying to achieve with its performance evaluation and compensation system (i.e., the point allocation system)? In other words, what should that system be designed to do with respect to the goal(s) identified in the prior questions? 5) Prepare a table that details a proposal for how to allocate 8/37ths of the firms profit pool (i.e., 216 points out of the 1,000 total points, and $2.635 million out of the $12.2 million in the partner profit pool) to each of the eight partners in Exhibit 2 of the case. You can assume that these partners are a typical cross-section of the eight partners in Exhibit 2 of the case....
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This note was uploaded on 03/19/2012 for the course ACCACC 333 taught by Professor Anne during the Fall '11 term at Miami University.
- Fall '11