The billable hour has been trashed repeatedly over how it motivates bad behavior in law firms. The reasoning goes that rewarding hours billed motivates lawyers (associates and partners) to spend more time on tasks than necessary, resulting in inefficiencies. My personal opinion is that rewarding hard work is not the problem, but instead poor management
Of all the adaptations law firms need to make to be successful, the biggest challenge going forward will be making changes to their partner compensation systems. Ben Weinberger of Prosperoware tackles the subject head-on in today’s guest post.
The earliest known written legal code, Ur-Nammu’s Code, has been attributed to have originated in 2050
In this two part series, we will look at how the legal pricing role has been drawn into the profitability role and is now being pulled towards the compensation side of law firms. From there we will apply the knowledge being gained from pricing and lay out a possible future compensation approach focused on motivating
Following up on the post about The Dewey Situation, I had seen some dialog about how service partners are becoming second class citizens. First off – I define service partner as a partner with sufficient legal skills, but not one with a sufficient book of business. These are typically very good lawyers and their