Title: Compensation Innovation : An Indepth Exploration into the Future of Law Firm Compensation
Publisher: Globe Law and Business
Publication Date: 2018
Language: English
ISBN 10: 1783583185
ISBN 13: 9781783583188
Binding: Soft cover
Condition: New

About this title

Synopsis

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.

About the Author

Willis Towers Watson

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