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
Not that I know of but they did bill $99,807,894.10 according to the post of my friend and Edge International colleague Robert Millard.
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
My colleague Ed Wesemann has a very interesting piece on using retooling as an option to terminating the underproductive partner. He notes that the termination option is often used because: “they simply don’t have the confidence that any other option will work”. In this post, Ed covers: Selecting Partners for Retooling The Retooling Process (Five
Anthony Cerminaro OK – I don’t want to overdo this “fun and happiness theme” but there’s lawyer Anthony Cerminaro blogging about Happiness Breeding Success. Read his post it captures the gems from the article he referred to in Live Science by the same name. The other quote I liked was:
Scientists reviewed 225
Follow me on a journey of logic skip a decade to 2015 when air travel may dramatically increase in speed to 30,000 km per hour or 18,000 miles per hour imagine a trip from Moscow to New York in 50 minutes or Moscow to Sydney in one hour and six minutes. (See reference
You will see the story gets all excited about Benjamin R. Civiletti, now chairman of the Venable law firm, for reaching the lofty threshhold of a $1,000 per hour hourly billing rate. If that $1,000 rate for Mr. Civiletti is serving a well conceived strategy to differentiate by being obnoxiously expensive, I fully respect that.
