India’s premier legal firm, Shardul Amarchand Mangaldas & Co., has unveiled a groundbreaking overhaul of its compensation and benefits package, setting a new benchmark in the industry. This strategic enhancement aims to attract, retain, and nurture top legal talent by significantly expanding the scope of its offerings.
Highlights of the Enhanced Compensation and Benefits Package:
- Generous New Salaries: Entry-level associates will now enjoy a compensation package of up to INR 20 lakhs. All other associate and salaried partner salaries have been adjusted to reflect comprehensive performance evaluations.
- Unmatched Variable Compensation: The firm will continue its exceptional variable compensation policy, offering up to 200%, contingent upon performance metrics.
- People-Centric Policies: New benefits include two weeks of work-from-anywhere flexibility, up to three weeks of caregiver leave, an increase in paternity leave to three weeks, additional childcare leave, health check-ups, and sabbatical options for both associates and partners.
Commitment to Well-Being and Development:
- Wellness Initiatives: The firm reaffirms its dedication to well-being with annual rejuvenation breaks, formal recognition of mental health days, on-site physiotherapy services, and a new Workplace Anti-Harassment Code.
- Professional Growth: Enhanced mentorship and coaching support, alongside continuous improvement in mental health support through professional agencies like AMAHA, underscore the firm’s commitment to its members’ holistic development.
Dr. Shardul S. Shroff, Executive Chairman, emphasized, “Today’s enhancements are a testament to our commitment to our people. By refining our compensation and benefits program, we aim to create an environment where our team can excel both professionally and personally. This initiative is designed to foster a culture of excellence, inclusivity, and meritocracy, positioning us as the most progressive and preferred employer in India’s legal landscape.”
Shardul Amarchand Mangaldas & Co. continues to excel in delivering top-tier legal services across a broad range of sectors, maintaining its core focus on client service, legal innovation, and professional growth.
