When an employee fails to satisfy their obligations and elects to "undo" a bonus by taking a 401(k) deferral, it gets complicated when any funds deposited into the company 401(k) plan are now considered plan assets.

Every company is a unique blend of processes, culture and technology, and businesses must tailor their learning strategy accordingly in order to future-proof themselves.

Many young lawyers said they would exchange some of their pay for lower billable hours, a recent survey found. Now more law firms are creating additional paths to partnership with lower hours requirements.