With the economy in overdrive, the challenge has shifted at many firms from bringing in business to rustling up enough bodies to do the work. One way to get lawyers to support each other is to spread around the billing credit.
For the past few years, the project finance group at New York’s Chadbourne & Parke L.L.P. has done just that, awarding billing credit to the practice as a whole rather than to its 15 individual partners. The teamwork fostered by that approach has helped produce record gains even as the group has reorganized and weathered a number of high-profile defections, says group leader Chaim Wachsberger.
