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  • Format: ePub

Commentators have argued for many years that law firms need to move forward from their traditional, seniority-based compensation systems. But it's not enough to simply add performance-related elements at the edges of these. Shifting generational-based attitudes; changing career aspirations; increasingly demanding clients; and pricing innovation and development in the range of benefits that can be offered (both financial and non-financial) all conspire to urge firms to rethink how their compensation system operates at all levels, across the whole firm. By reviewing these emerging factors,…mehr

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Produktbeschreibung
Commentators have argued for many years that law firms need to move forward from their traditional, seniority-based compensation systems. But it's not enough to simply add performance-related elements at the edges of these. Shifting generational-based attitudes; changing career aspirations; increasingly demanding clients; and pricing innovation and development in the range of benefits that can be offered (both financial and non-financial) all conspire to urge firms to rethink how their compensation system operates at all levels, across the whole firm. By reviewing these emerging factors, Compensation Innovation: An in-depth exploration into the future of law firm compensation aims to inspire law firms towards future proofing their compensation systems so that they continue to deliver results as their partnerships age. Exploring also the interplay between compensation and succession planning, and compensation and lateral hiring, the authors keep one eye to the future.

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Autorenporträt
Timothy B. Corcoran Senior executive. Noted speaker and columnist and the author of Corcoran's Business of Law blog August Aquila Internationally known speaker, consultant, and author John Chisholm Consultant, John Chisholm Consulting Paul Lippe Paul Lippe is the CEO of Legal OnRamp Dan O'Day Vice president, sales and client services, American LegalNet Rebecca Holdredge Chief operating officer, Decipher Arthur G. Greene Principal, Boyer Greene LLC Simon Nash Director, Insight Limited and formerly global human resources director at Carey Olsen. Benjamin Viney Director of talent and rewards, Willis Towers Watson Polina Pavlova Consultant, Willis Towers Watson Nina Gray CEO, Gray Legal Search