Diligence is the mother of good fortune. – Benjamin Disraeli
Major, Lindsay & Africa recently released its 2014 Lateral Partner Satisfaction Survey. The results offer numerous insights into the state of lateral law firm recruiting. With so much at stake — for the lateral and the firm — three statistics seem worthy of
Don’t mistake activity with achievement. – John Wooden
This is the 4th post in our discussion of Profits Per Partner. As the three previous posts reflect, I believe that PPP is a poor measure of an organization’s performance, and its use often drives destructive behavior. (See Profits Per Partner – A False
This is Part 3 of 4 focusing on the downside (lunacy?) of the power we have seeded to a single metric — Profits Per Partner. Check here for Parts 1 and 2.
No businessperson will argue the value of metrics when it comes to monitoring development, progress and accountability. Effective measures provide
Profit is sweet, even if it comes from deception. — Sophocles
This is the second in a three part series on the topic of Profits Per Partner, see Part 1 here.
The evolution of the US legal profession was measured and steady for more than 200 years — from 1776 to 1985. Firms
When something becomes so important to you that it drives your behavior and commands your emotions, you are worshipping it.― J.D. Greear
Introduction
Performance measurement and the use of related metrics is pivotal to managing the successful development of any business enterprise. However, for the metric to be of value it must provide insight
Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them.
Steve Jobs- Rolling Stone Magazine June 94
Allen Fuqua is a long-time friend, former colleague and an extraordinary law firm Chief Marketing Officer.
Don’t waste your time trying to control the uncontrollable, or trying to solve the unsolvable, or think about what could have been. Instead, think about what you can control and solve the problem you can solve with the wisdom you have gained from both your victories and your defeats in the past. – David Mahoney
One bad apple spoils the whole bunch. Various
Seth Godin (who you might consider following if you don’t already) had a great and very short post recently.
The essence of the post, translated to law firm business, is:
You must routinely and relentlessly monitor the quality of the individuals that comprise your law
Never look down on someone unless you are helping them up. J. Jackson
I have been troubled ever since I read the Above The Law article titled Dewey Know Why Patton Boggs Is Consulting A Top Bankruptcy Lawyer?
I have no issues with, and in fact support, probing the challenges and changes that
A house divided against itself cannot stand. A. Lincoln
When you see the word “Culture” used in a discussion about today’s law firm environment, what comes to mind? A metric defying intangible that, though referenced in reverent tones in firm literature, bears little relevance to the bottom-line? Or, as a palpable reality that
