By Brenda A. Barnes bio Compensation—or lack thereof—drives many, if not most, succession plans. The most obvious reason for a succession plan is to compensate principals fairly for the firm they've built with their entrepreneurial spirit, including the physical assets and intellectual property they own, and for the money they've invested in their businesses. How to … [Read more...] about Do compensation plans drive succession planning results?
Compensation plans
How to implement a leave-sharing program
"How can I help?" It's a question that many employees ask when a co-worker or a co-worker's family member is facing a serious medical issue. And one way that employers can facilitate assistance is to allow employees to donate time off to their co-workers who have exhausted all available leave. At first glance, a leave-sharing program appears to be a win-win-win … [Read more...] about How to implement a leave-sharing program
Firms spend average of $12,000 to recruit and train each entry-level lawyer
Newly minted associates may see employers extend more job offers, research indicates. Nearly one-quarter (22 percent) of lawyers recently interviewed by Robert Half Legal said their law firm plans to increase its hiring of first-year associates in the next 12 months, while 67 percent indicated no change in hiring activity and 7 percent plan a decrease. Not only are law firms … [Read more...] about Firms spend average of $12,000 to recruit and train each entry-level lawyer
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
Associate salaries rise in some markets, but national median remains unchanged
The National Association for Law Placement (NALP) has released its 2017 Associate Salary Survey report, showing that the overall median first-year salary as of January 1, 2017, was $135,000, the same as in 2015, the year of the most recent previous survey—with both survey years reflecting response pools in which offices in firms of 251+ lawyers accounted for about 70 percent of … [Read more...] about Associate salaries rise in some markets, but national median remains unchanged