Catalyst studies show an associate’s departure costs a [Canadian] firm about $315,000 in recruiting, training, salaries, overhead, severance, outplacement and other costs – not including hiring a replacement. The stress of juggling work and family usually falls more heavily on female lawyers… So what can law firms do to be more flexible in the face
Can you define and differentiate among these terms:
Intellectual Capital? Human Capital ? Relationship Capital? Reputational Capital? Economic Capital? Structural Capital
The immediate reaction may be “those things are too subjective to be valued” or “even if they could be valued, that value would be diminimous.” But anyone who has been involved in evaluations and
My post earlier today, The Wall Street Journal Blasts Law Firm Salaries Arms Race plus the comments of Larry E. Ribstein in his Ideoblog post “Why are law firm associates paid so much?” seem to have inspired a nice piece of analysis by Bruce MacEwen in his resulting post, Associate Salaries: The Great Debate.
Referencing the announcement that Sullivan & Cromwell will raise starting salaries for newly minted attorneys by $20,000, to $145,000 (plus bonus), Wall Street Journal writer Cameron Stracher writes a provocative article called Cut My Salary, Please! (on line subscription required). Cameron Stracher, author of “Double Billing: A Young Lawyer’s Tale of Greed, Sex, Lies, and
Patrick J. Lamb There are many voices on the subject of the management of law firms but very few have Patrick Lamb’s depth of experience and accomplishment. Patrick continues to practice in a complex and specialized area of the law attracting and maintaining clients at the high end of the curve. I think his own
Bruce Allen adds some essential thoughts about mentoring in his recent post, Mentoring Works…. In its Own Way His first bullet point is:
The mentoring relationship IS a relationship. It requires a chemistry between two individuals not found in a spread sheet or personality profile. Not every senior attorney in your firm will be selected
According to a story in the Toledo Blade today, Fuller & Henry, founded in 1892, “has all but disappeared
Its sign is gone from the door”. The article goes on to say: “At one time, the business occupied two floors of the city’s most prominent downtown office building but lately had just part of a
Press Release Just 30.7% of clients recommend their primary law firm Low satisfaction drives client spending to new law firms BOSTON, March 2 /PRNewswire/ — The BTI Consulting Group’s fifth annual survey of corporate counsel reveals an unprecedented drop in client satisfaction with law firms. Just 30.7% of large and Fortune 1000 companies recommend their
(This graphic has little to do with my post but is as tasteless as anything I could find.) Imagine the Human Resources Manager of Cameron McKenna (London-based global firm) revealing this publicly about a member of its staff (albeit internally and only to trainees). To be clear, the email included the employee’s real name.
Recently,
