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

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 com...