“Ford & Harrison, a 190-attorney labor and employment firm, has tossed out billable-hour requirements for first-year associates. The program aims to close the practical-skills gap of law school education and increase value to clients. The firm also hopes it will enable associates to handle meatier matters more quickly.“ according to Leigh Jones of The National
New Lawyer Jobs (US) Up by Largest Percentage since 2000
"New Lawyer Jobs
90 percent of 2006 law school graduates found jobs by February, 2007. That’s the largest percentage since 2000 and way up from the 85% rate ten years ago. Of the 36,465 graduates who have jobs, 56% were in private practice and 10% were judicial clerks. Of the remainder, 14% went into a
20% of UK Managing Partners want to leave the law*
*According to the largest-ever research program in the UK legal profession, it appears that as the Beatles sang “money can’t buy you love”
I am not certain that the numbers would be different elsewhere in the world but at least are informed by recent and credible statistics.
The Lawyer.com article: Twenty four per cent of
“Genius” minus “empathy” equals “stupidity”
Harsh? If killing the golden goose is stupid, then this is not harsh at all.
Find out why 58% of (surveyed) General Counsel expressed outrage. Find out why 84% of (surveyed) General Counsel wanted the law firms they use to contact them about associate salaries but none did.
Brilliant law firm leaders who can not
“I played a very large part in bringing about the demise of a firm. . . that I loved.”
The Wall Street Journal speaks – shall we listen?
“[William Durbin Jr.] regrets having focused too much on profits and “de-equitizing” partners (reducing their stake in the profit pool) in an effort to boost the bottom line, a strategy that has become popular in Big Law. ‘There’s a lot more that people bring to a
Client Satisfaction may be EXTREMELY Profitable
(Click on image to see original enlarged version)
I was fascinated by this piece at the Consumerist: How To Beat The Stock Market: Buy Companies With High Customer Satisfaction Scores
If the same phenomenon occurs in the legal profession, there would be a tremendous return on investment from enhancing client satisfaction.
The story is that
The Great Voice Mail Debate
How your people use their voice mail may seem at first both trivial and unimportant. BZZZZZZZZZZ WRONG!!!
The reason you open you wallet wide for a Ritz Carlton is because of the experience. Do you think it’s a coincidence that you are greeted by name at the front desk? (Did you see the secret
Does Cravath have an ace up its sleeve?
I am not willing to bet against Cravath Swaine & Moore, are you? In fact their strategic decision in creating an insolvency practice may be cause for additional respect rather than cheap shots.
The Wall Street Journal in a post called: The Horror! The Horror! Cravath Starts a Bankruptcy Practice is quite hard on Cravath
Most-Admired Law Firm Leaders
Thank you to Law.com and to Bruce MacEwen’s Adam Smith Esquire for referencing our Edge International Most-Admired Law Firm Leaders
We have released a survey in which top law firm managing partners identify their most admired peers.
Over 60 law firm managing partners responded to the Edge survey, which asked them to identify which law
Law Firms Finding Their Fortunes in China
"Buyouts alone accounted for 277 transactions worth $121billion in Asia last year" according to The Financial Express China is most popular destination for new law firms
"The economic boom coaxed US firms such as Orrick, Milbank Tweed Hadley & McCloy LLP, Cleary Gottlieb Steen & Hamilton LLP, Morgan & Finnegan LLP, and Thelen Reid &