Law Firm Remuneration, Reward and Motivation 3rd ed

Law Firm Remuneration, Reward, and Motivation, 3rd edition demonstrates how, in a difficult economic climate and rapidly changing legal market, managing reward effectively can raise your remuneration strategy into something more positive, less reactive, and more firmly-rooted in your business strategy.

The third edition sets out a definition of remuneration and reward in the current market, it examines prominent trends and offers practical examples looking at specific types of law firms and how they are addressing this issue.

Extensive updates reveal the effect that market changes, mergers, ABSs, and third party investors are having on remuneration strategies and employee expectations. You'll also find clear recommendations for law firm leaders in light of future developments and trends.

Law Firm Remuneration, Reward, and Motivation, 3rd edition provides extensive coverage of:

• 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.

Case studies from HR Directors Julia Perin (Sacker & Partners LLP) and Caroline Rawes (Taylor Wessing LLP) provide valuable insight into how their firms are successfully approaching remuneration, motivation, and reward.

Plus...An expert insight from Nick Cresswell-Turner of Duke Street Capital is included which highlights the remuneration and reward challenges they face as providers of third party capital to legal businesses.