Managing partners and members of executive committees in the more financially and professionally successful law firms that are organized into substantive departments and / or practice groups for the delivery of legal services strongly support the concept of having practice leaders assume a major role in their firm's efforts to: (1) increase the productivity levels of all timekeepers within their practices, (2) increase the economic contribution of their practices to the firm and (3) assume primary responsibility for communications to and from members of their practices
about firm economics, priorities and business issues, as well as practice growth and client development initiatives.
These younger partners have been educated
about firm economics in published surveys and have set high economic objectives for themselves and their partners.
Not exact matches
«Just
about everything in China's economy seems to have gone backward in April,» said a report from research
firm Capital
Economics.
Even if the government stipulates the methodology, even if the government stipulates just
about anything you can think of,
economics suggests that
firms should avoid such contracts and prefer contracts with good methodologies, which will incentivise governments to either stipulate good methodologies, or leave the choice of methodology open.
On March 26, 2015, Sutherland Partner Allegra Lawrence - Hardy speaks on a panel
about «Law
Firm Economics 101» at The Leadership Institute for Women of Color Attorneys» 10th Annual Leadership...
One is we continue to be concerned
about the devastatingly low utilization rate we see in the legal profession which is on average around 25 % which means that the average lawyer, if they're working an average eight - hour workday is actually only getting around two and a quarter billable hours out the door everyday which just makes the
economics of running a law
firm very, very challenging.
Attorneys and staff will better understand what hard times are
about when they have an understanding of law
firm economics.
Crowell & Moring Washington, DC Launched in 2014, this
firm's one - year Leadership Development Program provides coaching to equity partners and educates them
about talent development and industry
economics.
To develop the model, the law
firm provided Andrew Chesher, professor of
economics and economic measurement at University College London, with data
about the outcomes of 600 cases concluded over 12 months.
But he has been recognized more for his speaking and writing
about how broken the legal publishing business is, and how out of alignment its billing is with the
economics of law
firms and their clients.
One of my favorite moments was when she used Daniel Kahneman's: Thinking Fast and Slow (a book
about Behavioral
Economics), as a reference as to how it relates to the business of a law
firm.