The ratio of lawyers to partners at the largest New Jersey firms has been dropping for the past three years, an indication that firms are putting more reliance on partners as billing engines. Managing partners, consultants and analysts say there has been a restructuring of law firm staffing, due to organizational economies and client demands. They say the traditional pyramidal structure of law firms is changing due to increased expectations by corporate clients that senior lawyers will handle the work.
January 02, 2008 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
The ratio of lawyers to partners at the largest New Jersey firms has been dropping for the past three years, an indication that firms are putting more reliance on partners as billing engines.
A New Jersey Law Journal survey of the 20 biggest firms shows there are 2.4 lawyers per partner at bellwether firms, down from 2.52 in 2005.
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