Hiring top legal administrative talent has become more challenging than ever. With increased competition, law firms must refine their hiring strategies to attract and retain the best administrative professionals. As a law office manager, you play a crucial role in ensuring your firm stands out in a competitive job market. Here’s how you can secure top-tier legal administrative … [Read more...] about 7 Ways to Attract Top Legal Administrative Talent in a Tight Job Market
compensation
Watch these hiring and pay trends for legal industry
Evolving economic conditions have workers and employers reassessing compensation, career priorities and recruiting strategies. The 2024 Salary Guide from Robert Half outlines timely employment trends and starting salaries for hundreds of positions across multiple professions. Featured below are the key highlights to know in 2024. Cash is still key. Nearly 4 in 10 (39 per … [Read more...] about Watch these hiring and pay trends for legal industry
Common partner compensation systems
By Brenda A. Barnes and Camille Stell Partner compensation is probably one of the most sensitive aspects of a law firm’s practice management. Whether you are adopting a new system or modifying the current one, there must be an extraordinary amount of thought, care, and study. Systems are either non-performance-based systems or performance-based systems. Here are the … [Read more...] about Common partner compensation systems
Associate compensation plans: The 20-year salary swing
By Brenda A. Barnes and Camille Stell While the salary comparisons from 2000 to now may not seem important to your small or mid-size firm, keep in mind the trickle-down effect means: Unrealistic expectations of salary from recent law school graduates As your associates compare salaries with their colleagues at larger firms (who often have lockstep pay, at least for new … [Read more...] about Associate compensation plans: The 20-year salary swing
How to compensate managing partners
By Brenda A. Barnes and Camille Stell Law firms are not unlike other professional service firms with regard to how they compensate the leaders of their firms. Historically, the compensation of the managing partner has developed over time and correlates to the role that the partner will play in leading the firm. A successful managing partner compensation plan should include … [Read more...] about How to compensate managing partners
Characteristics of a modern compensation plan for lawyers
By Brenda A. Barnes and Camille Stell A successful compensation plan should reflect shared goals and values. A successful plan also requires trust among the members of the firm. A winning compensation plan aligns the values of the law firm with relevant, up-to-date market data. Here are additional components of a modern compensation plan. Evergreen Compensation plans must be … [Read more...] about Characteristics of a modern compensation plan for lawyers
6 ways to optimize your recruitment efforts
Law firms are feeling the effects of today's talent shortage. More than three in 10 lawyers (31 percent) recently surveyed by Robert Half Legal said recruiting highly skilled legal professionals is the greatest practice management challenge facing their firm. Caseload or workflow management ranked second, with 19 percent of the survey response. These concerns come at a time … [Read more...] about 6 ways to optimize your recruitment efforts
Half of today’s U.S. legal professionals have flexible work arrangements
Special Counsel, a provider of legal consulting, attorney recruiting, legal talent, legal technology and eDiscovery solutions, recently released its 2019 Salary Guide, which includes comprehensive national salary and benefits data and total compensation figures for in-demand legal positions at law firms and companies ranging in size. According to this year's guide, with the … [Read more...] about Half of today’s U.S. legal professionals have flexible work arrangements
Higher wages, better health benefits, or larger tax refunds? Survey looks at 2017 payroll trends
Every year, the American Payroll Association (APA) conducts an annual survey for National Payroll Week, with the goal of helping American employee better understand their paychecks. According to the APA, this knowledge can help employees make smarter decisions with how they're paid. "Maximizing your paycheck is immensely important," said Dan Maddux, executive director of the … [Read more...] about Higher wages, better health benefits, or larger tax refunds? Survey looks at 2017 payroll trends
What most people would rather do than ask for a raise
Public speaking has long been thought of as a recipe for anxiety, but there's one conversation that makes workers feel even less sure of themselves: Asking the boss for a raise. According to the Confidence Matters study from Robert Half, slightly fewer than half of professionals (49 percent) feel confident when asking for a pay increase, compared to 57 percent who feel … [Read more...] about What most people would rather do than ask for a raise