In this episode, recorded live at the Canadian Legal Summit, Faren Bogach of Construct Legal and Paul Saunders of Stewart McKelvey join moderator Jacquelyn Stevens to dissect how law firm compensation models are evolving under pressure from clients and shifting lawyer expectations. The panellists share firsthand experiences overhauling traditional pay structures, from Construct Legal’s radically transparent profit-sharing approach to Stewart McKelvey’s strategic, metrics-driven overhaul. They reveal how these changes have impacted recruitment, retention, collaboration, and firm culture, offering candid insights into what works – and what doesn’t – when law firms challenge the status quo on compensation.
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In this episode, recorded live at the Canadian Legal Summit, Faren Bogach of Construct Legal and Paul Saunders of Stewart McKelvey join moderator Jacquelyn Stevens to dissect how law firm compensation models are evolving under pressure from clients and shifting lawyer expectations. The panellists share firsthand experiences overhauling traditional pay structures, from Construct Legal’s radically transparent profit-sharing approach to Stewart McKelvey’s strategic, metrics-driven overhaul. They reveal how these changes have impacted recruitment, retention, collaboration, and firm culture, offering candid insights into what works – and what doesn’t – when law firms challenge the status quo on compensation.
Lucas Kilravey calls for transparency and real change in law firm diversity
CL Talk
21 minutes 2 seconds
3 months ago
Lucas Kilravey calls for transparency and real change in law firm diversity
Lucas Kilravey is an associate at Weil, Gotshal & Manges LLP’s real estate practice in New York. He spoke about the business case for diversity in law, the persistent gaps in representation at major firms, and the practical steps needed to support and advance diverse legal talent. Kilravey discussed the impact of open communication and inclusive leadership on team performance, the shortcomings of traditional mentorship programs, and the urgent need for greater transparency and accountability in law firm hiring and promotion practices. Kilravey will speak on these issues at the Canadian Legal Summit 2025 (https://events.canadianlawyermag.com/canadian-legal-summit?utm_source=newsletter&utm_medium=editorial_article&utm_campaign=CLS2025&utm_content=awareness&utm_term=asset01) in Toronto on October 9.
CL Talk
In this episode, recorded live at the Canadian Legal Summit, Faren Bogach of Construct Legal and Paul Saunders of Stewart McKelvey join moderator Jacquelyn Stevens to dissect how law firm compensation models are evolving under pressure from clients and shifting lawyer expectations. The panellists share firsthand experiences overhauling traditional pay structures, from Construct Legal’s radically transparent profit-sharing approach to Stewart McKelvey’s strategic, metrics-driven overhaul. They reveal how these changes have impacted recruitment, retention, collaboration, and firm culture, offering candid insights into what works – and what doesn’t – when law firms challenge the status quo on compensation.
