Shardul Amarchand Mangaldas & Co has significantly enhanced its compensation and benefits program, reflecting its commitment to attracting, retaining and nurturing the best legal talent in India. This revamp underscores the Firm’s dedication to ensuring that its top members benefit not only from the best in class work but are also rewarded handsomely, while recognizing the importance of building a support system to fuel both professional and personal well-being.
Highlights of the program include the revision of the entry level associate compensation and revision based on holistic performance evaluation of all other Associate and Salaried Partner compensation.
The Firm continues its unparalleled and objective variable compensation policy of up to 200 percent, and introduces new people-centric policies, such as work from anywhere (two weeks annually), caregiver leave (up to three weeks), paternity leave (increased to three weeks), additional childcare leave, health check-ups and sabbatical policies for associates and partners.
The Firm will also implement programs with increased focus on well-being and professional development, having been the first Indian law firm to have mainstreamed the conversation on mental health at the workplace, and introduce free counselling for all members of the firm and their families with the help of professional agencies engaged by the firm.
These further improvements include Annual Rejuvenation Break between Christmas and New Year (25 December to 1 January (both days inclusive)), formal recognition of Mental Health Days, on-site physiotherapy services, introduction of a new Workplace Anti-Harassment Code, and Mentorship and coaching support.
“With today’s announcement, our firm is forging a renewed path. Our people are the cornerstone of our success, and we seek to enable them to thrive in their wholeness, professionally and personally with our new firm value proposition,” Executive Chairman Dr. Shardul S. Shroff said.
“The enhancements to our compensation and benefits program are focused on attracting, rewarding and retaining top talent, while fostering a culture of excellence, collegiality and meritocracy. I am confident that these changes make us the most progressive, inclusive, holistically balanced and preferred employer in the legal arena in the India,” he added.
