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Bruce and Janet of AdamSmithEsq recently published an article on ATL about the reasonableness of firms providing PPMs to in-coming laterals. I believe the idea is sound. Since in-coming laterals are effectively investing in a privately held company, they should have access to the full financial picture of the company. A
Editor’s Note: I received a note from a reader that wanted to post something that they felt would be a good fit for the discussions we have on this blog. In their own words:
As a long-time fan of 3 Geeks, I was compelled to add to the useful pool of content published here. I do this
The popular series on Growth is Dead from Bruce MacEwen at Adam Smith Esq blog is now available in e-Book form.
Bruce brings insightful information and commentary on the state of the legal profession and how it can adapt to the changing market. He peels back the layers of the economic forces pushing the legal market in to new
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I have previously called out 2012 as The Year of Pain for law firms. The basic premise is that market demand is flat (per the many market reports) and that firms have run out of cost cutting ideas, such that costs are rising (also per the many market reports). The
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Dear Client,
You have been pretty clear about wanting to save money. AFAs, bigger discounts and all sorts of ‘cost savings’ messages are being sent to firms. Law firms have responded with an array of pricing proposals, which are often set aside in favor of bigger discounts. Whether this saves you money or not, no one is sure. But at least
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After listening to a panel of managing partners at the College of Law Practice Management’s Futures Conference on law firm culture, my thinking on the subject of culture and accountability came into focus. Culture (such as it is) drives decision making in firms. This is the case since firms make so many decision based
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An article on a recent PWC survey of UK law firms caught my eye. So I dug into it. The title “Top 10 UK Firms Use Int’l Growth To Grab Huge Revenue Slice” gave me the impression these firms were doing well by growing in international markets. So the questions for me were:
[Editor’s Note: Steve Lastres asked if I could repost this information on the Law Library Society of Washington DC (LLSDC) and the Private Law Libraries’ (PLL) “Showcase: Empowering the Next Generation of Law Firms.” The original post was on the On Firmer Ground Blog, which should be in your RSS Reader, and was
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I have to say that I’ve never been a big fan of the Client Alerts and traditional newsletters that law firms package up and send out to clients. Not because they don’t have relevant information, but because they tend to be poorly managed, and clients view them more as SPAM because they
