I believe in capitalism and free enterprise. I have a business degree before law. My practicing years were spent helping clients increase their profits… managing partner years helping my partners increase theirs. You’ll get no socialistic psychobabble from me.
I encourage you to assimilate the compelling evidence that increasing compensation in the hope of enhancing
Good news for some… HOWEVER even with that increase:
"overall legal spending is expected to decline just 1.4 percent for the year."
Source: ABA Journal Post referencing BTI PDF from which above image was extracted.
"In a press release, Michael Rynowecer, president of BTI Consulting, calls the findings “a big ray
From the Sacramento Business Journal today:
Law firm confidence index drops to record low
Excerpt:
Confidence in the economy among managing partners at large law firms nationwide hit new lows in the first quarter, according to the latest research from the Citi Private Bank Law Firm Group in New York City.
I recommend three
I was honoured to be included in the round table that culminated in the cover story of Law Pro
Click on the image to download the PDF.
I am in good company. The roundtable included:
If you would like the entire magazine, download it here
Patrick was kindly referring to my August 2007 post called Doom and Gloom in the Legal Profession – It’s Coming which I promised to eat if wrong. I am sorry I don’t have to eat it for reasons you will see if you review it.
In any event, read Patrick Lamb’s recent post A Brief Look Back.
Evan R. Chesler is a Presiding Partner at Cravath, Swaine & Moore LLP. He has offered his thoughts via Forbes in a piece called: Kill The Billable Hour. There is no suggestion that he is articulating a new policy for the entire firm but he is clear on his own views and given that he
Perhaps these troubled times will motivate more attempts to defraud law firms – Managing Partners, what have you done to strengthen security lately?
Pepe & Hazard has had the courage to decide to freeze its rates for existing clients for 2009 and to go public with that information.
Managing Partner Al Turco
Managing Partner, Al Turco, said [Pepe & Hazard] is in the process of formulating a 2009 budget to manage its own revenues and
Negotiating is a question of power. The Chicago tribune reported today that:
Layoffs at Chicago law firms have sent a shudder through the commercial real estate market.
The article, Cutbacks at firms worry landlords, quotes Bill Rogers, managing director of commercial real estate firm Jones Lang LaSalle:
"I do
"[Law] Firms in financial ‘intensive care’ told to merge, divest or restructure as cash dwindles from accounts"
This is
