Our firm is currently advising several
law firms about improvements to their career management policies and procedures.
In some legal markets this has become a very important strategic issue - not just
one of internal human resources management. In...
(Comments on a post from HBR Blog Network)
Jill Flynn, Kathryn Heath and Mary
Davis Holt start their HBR Blog post like this:
"Having combed through more
than a thousand 360-degree performance assessments conducted in recent years,
I can't imagine any world leader
today who will have at his or her death more news coverage
or outpouring of grief by the masses in the world as Steve Jobs. The
ubiquitous, yet iconic nature of Apple products has infiltrated the world of
I was with a group of law firm
partners from different City firms this week, listening to them discuss a case
study about super-profitable US law firm Wachtell, Lipton, Rosen & Katz.
Aside from their phenomenally successful business model and profitability...
I've been hanging out with a lot of
in-house counsel recently, and one thing's clear.
They love their secondees.
Really love them.
Whether it's a GC who is relying on
a specialist skill set that he or she can't quite find the...
I just received the monthly
newsletter of the Pennsylvania Disciplinary Board.
Not Fun and Games: Lawyer with Video
Game Addiction Suspended
This month's most interesting
disciplinary decision is the case of Office
of Disciplinary Counsel...
Listening to a law firm
administrator explain how he handles internally sensitive issues at his law
firm over a business dinner one evening, I remarked, "You're a benevolent
dictator! Sounds like it's working for you! Management by consensus...
The Lawyer reported this morning that Mark Walker, until recently the
managing partner of Cleary Gottlieb in New York, has moved to Paris and
into the world of finance as a senior advisor to the global sovereign advisory
group at Lazard.
What happens when things don't work
out after a merger as well as the partners had hoped?
There are almost always some rough
spots after any merger of two businesses. However, these can be become
life-threatening for recently merged law firms...
Most employees of law firms are in a
great position to help in the firm's business development efforts - or help damage
them. A lot of that depends on how they are treated, how much that love or hate
their job, and are otherwise engaged in the...
For several months now, I and some
of my colleagues in the Public and Professional Interest Division of the International
Bar Association have been reviewing the business plans of the PPID
committees and other entities. These groups range from very...
"Johnson" blog had an entertaining, and all too true, post several days
ago: " Airlinese ." It pokes fun at the awkward butchering of the
English language on commercial airlines.
To some extent, I think that...
Fire the person who hired him or her. Over the years, I've told a few horror
stories involving receptionists. Two that immediately come to mind, include:
dangling, shoeless one , and the one that told
the caller to get lost .
If you're looking for the latest
"buzz" about social media ethics and professional responsibility for lawyers
(and their employees), I highly recommend Jay Strother's article, Just Being Social ,
published in the March/April edition...
This article was co-written by Janet Brichard, Transformation Management
Women associates who learn business development skills can become significant business generators as they hone their legal skills. Based on a study of 426 women attorneys, we...
KPMG's Audit Committee Insights for July 14, 2010 featured a Corporate Board Member article about CEO succession planning. A new research study of 140 public and private CEOs and boards in North America released by Heidrick & Struggles and Stanford's...
Focus groups of more than 900 law firm associates, conducted by Walker Clark members worldwide, have consistently identified the availability of career planning as one of the most important factors that cause good associates to stay at their firm. Associates...
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...
Business succession and generational transition are no longer just theoretical issues or problems to be deferred until sometime in the future. By our estimates, a majority of the law firms in the world - perhaps as many as 75% of them - are now or within...
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...
A recent article in the Journal of Accountancy offers timely succession planning insights for certified public accountants, which are equally relevant for attorneys who own their own practices. In "A 2009 Tuneup for Your Firm's Succession Planning"...
Research by Kerma Partners and the Redwood Think Tank shows that incorporating "success factors" into law firm recruiting can have a big impact on firm profits.
Read full article authored by James Bergin and Ron Paquette.
Employers have an enormous stake in the transition from law school to law practice. If personnel costs are the firm's largest expense, and people are its most important assets, it is good business to make every effort to protect such valuable assets...
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...
Since the era of electronic mail began, computer users have been inadvertently hitting the wrong buttons (i.e., "Reply to All") when sending e-mail messages, often resulting in embarrassing - or even worse - consequences.
Recently a company...