Aon | Professional Services Practice
Q2 2024: Key Employee and Partner Human Capital Topics and Trends for U.S. Law Firms
Release Date: June 2024The Professional Services Practice at Aon recently deployed a pulse survey of our law firm clients to gather data about how large law firms are thinking about a variety of human capital topics.
Background
The survey topics were chosen by reviewing recent benchmarking requests from clients and consultants. Specifically, the survey covered leadership views toward benefits, the prevalence and effectiveness of certain point solutions, developments in wellbeing initiatives, adoption of lifestyle benefits, and plan governance.
All respondents were either “Am Law 200” firms or firms based outside the United States with gross global revenues in the Am Law 200 range (currently from $126 million to $7.2 billion).
Background
The results show that law firms are responding to changes in the economy, the political and regulatory environment, and the talent market by taking several strategic actions:
- Carefully limiting investments to the areas of greatest need
- Focusing Diversity, Equity, Inclusion, and Belonging initiatives on the areas of highest impact
- Cultivating a culture of wellbeing and matching attorneys and staff with the resources they need
- Reviewing plan governance processes
While we expect these trends to continue through 2024, the last few years have demonstrated that law firm leaders recognize the need to be agile and respond decisively to events like court decisions, election outcomes, and global conflicts.
You can view the full report here.
Contact
For more information, please send an email to [email protected] or reach out directly to Mark Scarafone or Jake Delman.
Mark Scarafone
Senior Vice President and Health & Benefits Leader
Radnor, PA
Jake Delman
Senior Consultant
Washington, DC
About Aon
Aon plc (NYSE: AON) (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries and sovereignties provide our clients with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
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