Law firms turn to exceptional and sign-on bonuses to retain and attract top talent
More than half of law firms are using exceptional bonuses to retain top talent during the pandemic, according to new research from a London-based recruitment specialist.
Of the firms surveyed by Totum Partners, 51% have already made exceptional bonuses over the past 16-18 months, while 21% are planning to do so in the next six months.
The survey secured responses from a range of global law firms asking their decision-makers an extensive range of questions on compensation packages awarded to “chiefs” and “directors” across business services functions.
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