Ahead of the Curve
November 2020
PURPOSE
The Professional Development Advisory Committee’s (PDAC) purpose in providing you this communication is to further its goal of periodically sharing topical information regarding the legal industry. Our hope is that one or more of the updates will provide a spark of insight to assist with your work on behalf of ALA as well as within your firm or legal department.
Past Issues
"SYSTEM UPDATE: THE PANDEMIC IS PUSHING FIRMS TO CHANGE PARTNER COMP PLANS"
Law firms were already feeling pressure to rethink their approach to partner compensation, but the current crisis has forced them to reach deeper into the toolbox for solutions.
Learn more.
Resource: Andrew Maloney, Law.com (requires free subscription)
"3 WAYS COMPANIES CAN RETAIN WORKING MOMS RIGHT NOW"
It has become alarmingly clear that the COVID-19 pandemic is threatening women’s careers. In September 2020 alone, 865,000 women left the U.S. workforce, compared to 216,000 men. Furthermore, one in four women are considering either leaving the workforce or reducing their work hours. A stream of advice has suggested how working mothers can work from home with kids, manage work/life boundaries (or lack thereof), and handle anxiety over school decisions.
Learn more.
Resource: Dana Sumpter and Mona Zanhour, Harvard Business Review
"4 MISTAKES PARTNERS MAKE WHEN MANAGING ASSOCIATES"
How law firm partners manage teams of associates was turned on its head this spring as the legal world switched to remote work due to the coronavirus pandemic, and nine months later there are still some kinks that need to be worked out.
Learn more.
Resource: Aebra Coe, Law360
"RETIREMENT PLANNING UNDER A BIDEN ADMINISTRATION"
The election of Joe Biden as President may clear the way for many changes in the retirement planning landscape.
Learn more.
Resource: Lawrence L. Bell, Law Journal Newsletters (requires a free subscription)
