How does The Pay Index help Law Firms?
The Pay Index works with Law Firms to analyse diversity amongst their employees. Why is this important? It is estimated that millennials currently make up 50% of the workforce and this number is expected to rise to 75% between 2025 and 2030. Further research shows that millennials expect levels of fairness at their workplace and with the firms that they do business with. It is against this backdrop that companies will have to be transparent to attract millennials both as staff and as clients.
The Pay Index partners with The Law Society to measure diversity in the UK legal sector and would like to work with your firm.
Imagine the opportunities for attracting talent and clients if you can track and market your team by factors such as:
- Legal role
We've added an actual report below that tracks compensation trends in the legal profession by tenure, gender and sector. The report is fully interactive so please give it a try.
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