The ability to meet your clients’ expectations around technical skills and service levels demands a workforce that is both motivated and engaged.
Actively reviewing your firm’s approach to remuneration, reward, and motivation is crucial to safeguarding your competitive advantage in today’s legal marketplace.
Fully updated for 2013, Managing Partner’s Law Firm Remuneration, Reward, and Motivation, 3rd Edition examines the issues and trends currently having an impact on how people are managed and rewarded within law firms on a global, international, and local scale.
Along with extensive coverage of the effect that market changes, mergers, ABSs, and third party investors are having on remuneration strategies and expectations, you’ll find clear recommendations in light of future developments and trends. Best practice strategies and advice are provided on:
- Salaries, bonuses, and incentive schemes;
- The partner remuneration structure;
- Non-monetary reward schemes;
- Employee engagement and motivation;
- Performance management;
- Talent retention and career progression;
- The employee value proposition; and,
- Sending out the right messages to your clients and employees through reward.
Insightful case studies from HR Directors Julia Perin (Sacker & Partners LLP) and Caroline Rawes (Taylor Wessing LLP) reveal how their firms are successfully approaching remuneration, motivation, and reward.
Plus...You'll also find an expert insight from Nick Cresswell-Turner of Duke Street Capital on the remuneration and reward challenges they face as a supplier of third party capital to legal businesses.
There has never been a more critical time to analyse and overhaul your approach to remuneration, reward, and motivation.
Chapter 1: Remuneration in a time of austerity
Chapter 2: The Legal Services Act 2007 – Big bang or smouldering whimper?
Chapter 3: Mergers and remuneration
Chapter 4: Organisational structure and reward and motivation approaches
Chapter 5: The employment proposition
Chapter 6: Motivation, reward, and value
Chapter 7: Employee expectations and the new world of work
Chapter 8: Remuneration and reward design
Chapter 9: Aligning the business and people strategies
Chapter 10: Alternative business structures, third party investment, and partner pay structures
Chapter 11: Case studies – The real experience
Check our Executive Summary and full table of contents here