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Partner cannibalization is next.
| vivacious friendly grandma institution | 03/08/10 |
| medicated church | 03/08/10 |
| vivacious friendly grandma institution | 03/08/10 |
| Wonderful flesh fortuitous meteor | 03/08/10 |
Poast new message in this thread
Date: March 8th, 2010 5:20 AM Author: vivacious friendly grandma institution Looking ahead, the report predicts law firm revenue will be flat or just slightly higher than last year; profits, too, will remain flat or move up no more than 5 percent. The key to a firm's individual performance during during this period of recovery will be how firm leaders will handle costs that until now have been spared. The reports says firms should look to their partner ranks, both equity and non-equity, in further cost-cutting efforts. According to the report, in the years prior to the downturn, the number of partners grew at a faster pace than the growth of overall lawyer headcount, leading to "over partnered" firms. The report predicts firms will address this imbalance by paring down partner ranks with "tough love" conversations and early retirement packages. Jones states, "We expect this year that additional cost savings are likely to come out of the partner ranks because everything else has been cut extensively and that is the logical place for future savings." http://www.law.com/jsp/article.jsp?id=1202445357887 |
Date: March 8th, 2010 5:22 AM Author: medicated church feeding frenzy (http://www.autoadmit.com/thread.php?thread_id=1244587&forum_id=2#14330518) |
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Date: March 8th, 2010 2:26 PM Author: vivacious friendly grandma institution (http://www.autoadmit.com/thread.php?thread_id=1244587&forum_id=2#14332543) |
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Date: March 8th, 2010 2:27 PM Author: Wonderful flesh fortuitous meteor Why are all lawyers so greedy? (http://www.autoadmit.com/thread.php?thread_id=1244587&forum_id=2#14332550) |