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
Avoiding Law Firm Decline Through Effective Leadership
The most dangerous leadership myth is that leaders are born – that there is a genetic factor to leadership. This myth asserts that people simply either have certain charismatic qualities or not. That’s nonsense; in fact, the opposite is true. Leaders are made rather than born. – Warren G. Bennis
There is simply no
Law Firm Succession Planning-Managing the Different Loyalties
Law firm succession planning is a lot different today than it was in years past, even just a few years ago. In addition to the issues covered previously on Succession Planning, difficulty arises from the fact that the interests of the people that make up a firm have never been less aligned. The lack
Law Firm Succession Planning-The Unfunded Pension Plan
For more than a few AmLaw 200 law firms, non-qualified retirement plans exist that are largely unfunded. Although “a good idea at the time” when established, the plans now can represent a significant burden. As James Cotterham wrote in his Retirement Basics for Law Firms a decade ago, the unfunded pension plans can be a
Shutting Down the Law Firm in Decline
Some of us think holding on makes us strong, but sometimes it is letting go. – Herman Hesse
This is the final post in a series examining law firm decline, inspired by the Jim Collins book, How the Mighty Fall. See the previous four post:
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
“Stage 4” of Law Firm Decline
If falling into desperation worked to make things better, then I would say, ‘Let’s all jump into despair.’ But it doesn’t help. The only way to truly find meaning and fulfillment is to look at the disaster, the pain, the difficulty, and know with complete certainty that good can come from this. – Yehuda Berg
Succession Planning – A Law Firm Must
While in Seattle with my partner Roger Hayse we stopped by the LexBlog World Headquarters. We enjoyed meeting the whole team and while there, Colin O’Keefe conducted the following interview of me on succession planning.
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.