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GETTING TO THE BOTTOM OF IT - As we discussed yesterday in our Law.com Trendspotter column, law firms’ quest for profitability could manifest in increased pressure on partners—even highly productive ones—to work more efficiently and improve their realization rates. Luckily, those partners may not have to figure it all out on their own. As Law.com’s Andrew Maloney reports, a number of high-performing law firms have hired staff analysts—and beefed up their tech capabilities—to dig into their revenue and expenses in order to help them increase their bottom lines. ”The change underway is assessing profit margins and profit contribution. It can be a matter, a partner’s book, a practice group, a client or an office,” Jim Cotterman, a principal at Altman Weil, told Maloney.
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