"The objective is to have only the most valuable people in London or New York, and the others in India, China or Columbus, Ohio,” said Robert Profusek, co-head of the mergers and acquisitions practice at Jones Day in New York, who sends low-end work to the cheapest locations and plans to open a document center
W General Strategy
Doom and Gloom for the legal profession – it’s coming
Many of my friends and clients know me as a very optimistic person so this post may surprise them. I feel like I am about to watch the next dot com crash only I am not talking about the internet or high tech.
I have held this belief for many months and I believe that…
Seduced by Success
Many great firms that I serve have a common enemy ”complacency” which Is indeed the result of decades of success. Managing Partners complain that they are unable to get their partners to pay attention to their future.
Read Jim Hassett’s blogpost, Have lawyers been seduced by success? In his fantastic blog: Legal…
First Law Firm Goes Public – shares up 40% on first day of trading
The Wall Street Journal posts: Slater & Gordon: The World’s First Publicly Traded Law Firm
Managing Partners and other members of law firm C suites had better look at Slater & Gordon’s prospectus – it’s a gold mine, (pun intended).
Have a look at how risks are described – the Wall Street Journal post quotes…
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…