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| Image [cc] doni19 |
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| Image [cc] CN Impressions |
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A good friend recently switch from BigLaw to in-house, not as a lawyer but on the business side. He shared a story about working with some consultants on a project. The story caught my attention not for the subject matter, but instead for the billing practices of the consultants.
The company is
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| Image [cc] Daniel*1977 |
An article on a recent legal market survey suggested a new trend in legal pricing: a trend away from Alternative Fee Arrangements (AFAs). Trend may be too strong a word, but in any event, the survey results bear consideration.
Offline I received a number of reactions about the survey result. Most people
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| image [cc] Karan Jain |
It may appear I am on some Defend BigLaw run with my recent posts. It’s actually not that, but merely some pent up pet peeves I need to air. This one addresses the attack on law firms for how they come up with matter budgets and fixed fees.
The scenario goes
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| image [cc] Andrew Mangum |
Following on the heels of recent posts on the market value of BigLaw and the behavior of partners as workers, we explore the merge-point for those two topics in discussing partners as equity owners.
The market refers to the owner level of law firm partners as “equity partners.” After giving
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Some recent activity on Twitter got me thinking. People love to bag on BigLaw (me included). Much like taking shots at Microsoft or Blackberry, BigLaw is an easy target for many. Large firms move slow, are managed by committee too often, and appear to have an aversion to decision making (see how
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| Image [cc] Tim Pearce |
Law firms invest in associates. That seems obvious. They bring in the best and brightest, planning to groom them into future partners. Firms spend considerable sums, investing in these assets. So for fun, let’s take this “investment” as a strategy at face value.
My recollection of the stat is that after
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| Image [cc] Loren Zemlicka |
I attended a seminar last week on process management in legal departments. Onit sponsored it and the content was quite useful.
However, beyond the value of the content on process innovation, I retrieved a golden nugget of wisdom. Bradford Power, an expert on process innovation and change, was speaking on
