As per the study by legal search and consulting firm Vahura, The pandemic period has been the best and worst times for law firms. Best times as it was the highest revenue-earning periods for firms. Worst in terms of stress, mental health, and attrition.
In conversation with LiveMint, our Managing Partner, RAJAT PRAKASH explained that "Attrition was always a key issue for law firms, as eventually, it depends on its ability to retain talent by fulfilling professional and financial aspirations. However, now the added dimension is of physical and mental well-being." He further added, "moving to a more transparent compensation structure". It is also exploring a different compensation structure for flexible and remote working options."