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Personal Benefits: Something to Consider for Your Next Move?

Personal Benefits: Something to Consider for Your Next Move?

written by Chloe Nockolds

Today, let's delve into the remarkable strides being made in the realm of personal benefits within top-tier law firms. Over the past two to three years, beyond the conventional emphasis on work-related benefits, there has been a palpable shift towards a more holistic consideration of employees' overall wellness and welfare. Law firms are actively implementing and enhancing their benefits packages, aiming not only to attract and retain top talent but also to provide substantial support through significant personal milestones.

A growing number of firms now extend generous benefits, offering 26 weeks of full pay for maternity and shared parental leave. Among the pioneers in this regard are Ashurst, CMS, Clyde & Co, Dentons, Linklaters, Mishcon de Reya, Osborne Clarke, and Simmons & Simmons. Notably, Travers Smith provides an impressive 31.5 weeks of full pay. This commitment reflects a genuine dedication to cultivating an inclusive and supportive work environment, particularly for employees navigating the challenges of parenthood.

Recognising the evolving dynamics of family life, several firms have introduced innovative parent policies. Partners of individuals welcoming a child, whether through birth or adoption, are now eligible for a commendable 12 weeks of full pay. This initiative underscores the importance of supporting both parents during this transformative period, acknowledging the shared responsibilities of parenting.

Addressing an often-overlooked workplace issue, the impact of menopause is now being acknowledged through the development of new policies. These initiatives aim to recognise the profound effects that menopausal symptoms can have on individuals and provide comprehensive guidelines for both staff and managers to offer the right support. Macfarlanes are a great example of a firm who have taken significant strides to address and support employees experiencing menopausal symptoms.

In response to the evolving landscape of personal benefits, fertility treatment has become a key area of recent investment. Macfarlanes, for instance, now provide paid time off during the fertility treatment process for both the individual undergoing treatment and their partner. This proactive approach underscores a commitment to acknowledging the emotional and physical toll that fertility treatments can take on individuals and their families. Noteworthy contributions in this area also come from Clifford Chance and Cooley, who offer substantial financial support for fertility treatment, egg freezing, adoption, and surrogacy. These progressive measures reflect a broader commitment within the legal industry to provide comprehensive personal benefits, signalling a positive change in the corporate landscape. Beyond showcasing a commitment to employee well-being, these initiatives demonstrate an understanding of the diverse challenges individuals can face outside of the workplace. As professionals contemplate their next career move, the evaluation of personal benefits offered by prospective employers is becoming increasingly crucial. Beyond salary and work-related perks, the value placed on personal well-being can be a defining factor in creating a fulfilling and supportive work environment.