Pressure from clients for transparency and value is prompting law firms to reassess their compensation models for lawyers, with traditional approaches increasingly scrutinized. “When compensation was based on the billable hour, people would focus on things they could do, easy things they could do to rack up their rates,” Faren Bogach, founder and lawyer at Construct Legal, recently said at a panel at the Canadian Legal Summit entitled “Will traditional compensation models survive the future of law?” She pointed out that this system rewards inefficiency, with lawyers incentivized to spend more time rather than deliver better outcomes.

Bogach’s experience spans small and mid-sized firms, and she described a journey from opaque, top-down pay structures to launching her own firm with a radi

See Full Page