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Compensation Innovation: An In-depth Exploration into the Future of Law Firm Compensation

Compensation Innovation: An In-depth Exploration into the Future of Law Firm Compensation

Name: Compensation Innovation: An In-depth Exploration into the Future of Law Firm Compensation
Brand: Ark Group
SKU: 9781783583188
Price: 2646.00 HKD
Availability: InStock
Author: Alex Davies
ISBN: 9781783583188

By Alex Davies

Ark Group March 2018

Specifications

ISBN-13: 9781783583188
Publisher: Ark Group
Publication: March 2018
Format: Paperback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

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.

Summary

About the authors

Chapter 1: Why we need to reward people differently

August J. Aquila, principal, AQUILA Global Advisors LLC

Chapter 2: Compensation in a timeless practice

John Chisholm, consultant, John Chisholm Consulting

Chapter 3: Common metrics, common methods, and common success – how in-house lawyers and firms can work better together by aligning law firm compensation with client success

Paul Lippe, Advisory Board, Elevate Services and former CEO of Legal OnRamp

Chapter 4: Staying in the race – why top firms pay so much for associates (even though they lose money on it)

Dan O’Day, vice president, sales and client services, American LegalNet

Chapter 5: Lateral hire compensation – managing risk vs reward

Rebecca Holdredge, chief operating officer, Decipher

Chapter 6: Associate compensation structures that appropriately reward associates and promote the goals of the firm

Arthur G. Greene, principal, Boyer Greene, LLC

Chapter 7: Reward today or invest in tomorrow? Aligning partner behaviors with the long-term health of the firm

Timothy Corcoran, principal, Corcoran Consulting Group, LLC

Chapter 8: Evolve AND innovate – how law firms need to change in order to keep their reward strategy fit for purpose

Simon Nash, director, Insight Limited and formerly Global HR Director at Carey Olsen

Chapter 9: Adopting a total reward approach and segmenting the firm’s offering to reflect different employee preferences

Benjamin Viney, director of talent and rewards, and Polina Pavlova, consultant, Willis Towers Watson

Chapter 10: Work–life balance and flexible working – who benefits the most, employer, employee, or both?

Nina Gray, CEO, Gray Legal Search

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Compensation Innovation: An In-depth Exploration into the Future of Law Firm Compensation

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Table of Contents

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