Shardul Amarchand Mangaldas has introduced an enhanced compensation and benefits program for all its lawyers..As reported earlier, the compensation for entry-level associates has been revised to ₹20 lakh per annum, more than any other law firm pays such fresh hires..Some of the other key policies introduced by the firm are:All other Associate and Salaried Partner compensation has been revised based on holistic performance evaluation, taking into consideration efficiency-based performance.The firm will continue with its existing variable compensation policy of up to 200% after taking into consideration efficiency-based performance.Introduction of new people centric policies - work from anywhere (2 weeks annually), caregiver leave (up to 3 weeks), paternity leave (increased to 3 weeks), additional childcare leave, health check-ups and sabbatical policies for associates and partners..With a view to ensuring the well-being of its lawyers, the firm has introduced:Annual rejuvenation break between Christmas and New Year (25 December to 1 January (both days inclusive)Formal recognition of mental health daysOn-site physiotherapy servicesIntroduction of a new workplace anti-harassment CodeMentorship and coaching support.Commenting on the initiatives, Execuive Chairman Shardul S Shroff said, “With today’s announcement, our firm is forging a renewed path. Our people are the cornerstone of our success and we seek to enable them to thrive in their wholeness, professionally and personally with our new firm value proposition. The enhancements to our compensation and benefits program are focused on attracting, rewarding and retaining top talent while fostering a culture of excellence, collegiality and meritocracy. I am confident that these changes makes us the most progressive, inclusive, holistically balanced and preferred employer in the legal arena in the India.”
Shardul Amarchand Mangaldas has introduced an enhanced compensation and benefits program for all its lawyers..As reported earlier, the compensation for entry-level associates has been revised to ₹20 lakh per annum, more than any other law firm pays such fresh hires..Some of the other key policies introduced by the firm are:All other Associate and Salaried Partner compensation has been revised based on holistic performance evaluation, taking into consideration efficiency-based performance.The firm will continue with its existing variable compensation policy of up to 200% after taking into consideration efficiency-based performance.Introduction of new people centric policies - work from anywhere (2 weeks annually), caregiver leave (up to 3 weeks), paternity leave (increased to 3 weeks), additional childcare leave, health check-ups and sabbatical policies for associates and partners..With a view to ensuring the well-being of its lawyers, the firm has introduced:Annual rejuvenation break between Christmas and New Year (25 December to 1 January (both days inclusive)Formal recognition of mental health daysOn-site physiotherapy servicesIntroduction of a new workplace anti-harassment CodeMentorship and coaching support.Commenting on the initiatives, Execuive Chairman Shardul S Shroff said, “With today’s announcement, our firm is forging a renewed path. Our people are the cornerstone of our success and we seek to enable them to thrive in their wholeness, professionally and personally with our new firm value proposition. The enhancements to our compensation and benefits program are focused on attracting, rewarding and retaining top talent while fostering a culture of excellence, collegiality and meritocracy. I am confident that these changes makes us the most progressive, inclusive, holistically balanced and preferred employer in the legal arena in the India.”
