Posts Categorized: Big Firms

Women, law firms and semantics

Posted by & filed under Big Firms.

I’m reluctant — wisely, I think — to say much about women in the private practice of law. They tell you to “write what you know,” and since I neither work in a law firm nor check off “female” on my census form, I’m doubly unqualified to say much on the subject. But I will… Read more »

Transforming the practising bar

Posted by & filed under Big Firms, Governance, Innovation.

If you’d like a glimpse of the legal profession of the near-to-mid-future, look to London. Yesterday, the UK’s Bar Standards Board launched a consultation paper concerning the effect on barristers of the new Legal Services Act, which received Royal Assent last October. (The Solicitors Regulation Authority addressed the LSA’s impact earlier.) Here’s LegalWeek and The… Read more »

Coping with fewer associates

Posted by & filed under Big Firms, Compensation, Demographics, Talent.

The Ottawa Citizen ran an article over the weekend that caught my eye, thanks in part to this succinct summary of the gigantic demographic challenge facing the North American economy: Baby boomers are retiring and the number of young adults behind them is on an irreversible slide. Starting in 2011, Canada’s workforce will lose two… Read more »

Something’s actually happening

Posted by & filed under Big Firms, Billing, Clients, Competition, Innovation, Leadership, Management.

There’s a lot of buzz building about an article in today’s New York Times with the rather odd title “Who’s Cuddly Now? Law Firms.” It summarizes a recent rash of new business models in American law firms, from flextime for lawyers to flat-fee bills for clients to alternative billable-hour schemes and more. It’s the second… Read more »

The value proposition for associates

Posted by & filed under Big Firms, Billing, Compensation.

From the Recorder comes news of a 220-lawyer firm in San Diego that has decided to abandon lockstep, year-of-call-based compensation for its associates.  Luce, Forward, Hamilton & Scripps has created no fewer than 14 different levels of associate compensation, based on what type of law the associate practises and how good she is at it…. Read more »

Post Categories