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.
Tracy Ross on how the RBC legal team executed Canada’s biggest bank acquisition over a weekend
CL Talk
19 minutes 27 seconds
4 months ago
Tracy Ross on how the RBC legal team executed Canada’s biggest bank acquisition over a weekend
In the latest episode of CL Talk, Canadian Lawyer’s podcast, Tracy Ross, senior vice president and deputy general counsel at RBC, unpacked the legal complexities behind RBC’s landmark $13.5 billion acquisition of HSBC Bank Canada. Ross shared a behind-the-scenes look at how her team executed the most significant banking transaction in Canadian history – over a single long weekend – while keeping the rest of the bank’s legal operations running at full speed. She also reflected on leadership, succession planning, and how RBC’s legal group is evolving alongside the bank’s broader innovation and growth strategies. RBC was awarded the 2025 M&A Deal of the Year, Banking & Financial Services Law Department of the Year and the Canadian Law Department of the Year at the Canadian Law Awards in May.
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.
