Managing Partner Performance

Now that 2009 has come to an end, law firms are breathing a sigh of relief and looking forward with hopes of a better year to come. As with any year-end, it is also time to dole out partner compensation, and many firms are hop­ing they were able to stem the lack of demand for legal services with...

Building Cross-Competency in Law Firms

Many law firms invest considerable time, effort, and resources in cross-training younger lawyers to work in more than one practice area. Cross-training is a worthwhile investment, but often a very costly one. This Green Paper outlines a new approach to cross training, which achieves well-defined, measurable...

Lessons of Recession Could be Forgotten after Turn-around

Taking into account all of the trends and statistics of the new economy, there will be several imminent changes that will appreciably affect new legal careers. Most likely, firms will keep the billable hour, will move to merit-based compensation, and will likely continue to have minimal minority representation...