A recent ABA Journal article reported on the demise of a successful law firm that had been in business for 60 years. The story about Harding & Shultz of Lincoln, Nebraska noted comments from one of the senior partners whose departure from the firm allegedly contributed to its demise. Seems that the senior partner, still
Establishing Standards For Growth – A Key to Building a Better Law Firm
The number one factor in determining the day-to-day joy in one’s work life is the culture of the organization of which you are a part.
Savvy law firm leaders know this; and they apply serious standards to increase the probability that everyone that becomes part of the organization makes a positive contribution
Law Firm Departures: A Likely Source of Disputes
Most law firms approach their practices optimistically-with a kind of “glass is half-full” outlook. Getting business, building client relationships and creating a brand typically are a firm’s focus rather than thinking about failure or disaster. That is especially so when law firms form. Future developments like mass departures or dissolution usually do not enter into
Is Your Law Firm Choosing Bigger Over Better?
As an interested observer of the legal landscape, there are three baseline realities that are especially interesting to explore:
• The rapid rate of law firm growth through mergers and lateral additions;
• The rate of law firm failures; and,
• A continuing level of unhappiness in the profession.
Given these three somewhat extreme