If SportsCenter had a sister station named LawCenter reporting on news in the legal profession, its Stuart Scott (what is lawyerese for Boo Yah!?) would report on the big lateral hires throughout the year and not, as is the case in the NBA, for a brief period after the end of the season. Unlike players
Law Firm Merger-A Succession Planning Alternative
In recent years, law firm mergers have been on the uptick and do not seem to be abating. Big mergers reap a lot of publicity because the firms joining together often have household names. But as Catherine Ho reports, not all the law firm mergers involve the behemoths that grab the headlines. Ms. Ho’s
Law Firm Succession Planning: Facing a Contracting Market
In a recent post about law firm succession planning, I observed
“Succession planning and execution in 2014 is far more difficult than it was a decade or more ago. It is not that it is harder today to identify credible candidates to succeed existing leadership; searching for the best talent is a task that has
Law Firm Succession Planning-The Aging Partner Ranks
Law firms planning for succession cannot rest easy even when the “next-in-line” process is settled or the next leader selected. No doubt thinking about these things is vitally important for a law firm hoping to weather transition. But it is just part of the task of succession planning.
One area of succession planning given short
Video – Overconfidence and Law Firm Decline
While in Seattle my partner Andy Jillson and I stopped by the LexBlog World Headquarters. It was great to meet the entire team. Colin O’Keefe conducted the following interview in their offices.
Law Firm Succession Planning: Competing in the Age of New Law
Today, succession planning for law firms is more than finding the charismatic leader who is liked by most. Any new leader (actually, any leader whether new or not) must have the vision to compete in the age of New Law.
Jordan Furlong’s An Incomplete Inventory of New Law is an excellent summary of new players
Overconfidence a Cause of Law Firm Decline
Every institution is vulnerable, no matter how great. No matter how much you have achieved, no matter how far you have gone, no matter how much power you’ve garnered, you are vulnerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall
Law Firm Laterals Beware! Two Critical Secrets to Success
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
If Not Profits Per Partner, What Is The Measure Of A High Performing Law Firm?
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
Profits Per Partner – Part 2: A Brief History
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