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Exclusive law firm financial reporting and rankings. News, trends and analysis of law firm management; leadership profiles, market reports and case studies.
By a:1:{i:0;s:1:" ";} | February 14, 2007
Before you can retain them, you have to attract them... A derivatives partner conceded recently that his department's efforts to retain young lawyers were focused mainly on keeping them on for a mere six months after they had become useful, such was the current demand for talented young lawyers from the investment banks.
1 minute read
By a:1:{i:0;s:1:" ";} | February 14, 2007
Running a global law firm requires leadership and management; and they are not the same thing. Leadership is about providing vision, direction, motivation, energy and enthusiasm. Management is about providing systems, structures, metrics, rewards and controls. The problem is that most lawyers see leadership as good and management as bad. Yet both are essential and the real trick for a managing partner is to marry the two in a way that best achieves his three essential tasks:
1 minute read
By a:1:{i:0;s:1:" ";} | February 14, 2007
Virtually every law firm in the country will have partners who could do better and contribute more to the firm. In many firms, a lack of a formal appraisal procedure means that their fellow partners are failing to take them to task. This can result in an established culture of underperformance within the firm, leading in some cases to complacency and poor profitability.
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By a:1:{i:0;s:1:" ";} | February 14, 2007
The holiday season is still a distant prospect but for law firms the New Year means the rapid approach of Easter and the long summer break. Juggling staff levels with client demand and natural peaks and troughs in activity is essential to ensure a firm's workflow does not slip into 'go-slow' in the summer. Yet how can the law, a people-centred business, balance ever-fluctuating resource planning needs with a trading environment which encourages firms to constantly drive down overheads?
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By a:1:{i:0;s:1:" ";} | February 14, 2007
Knowledge and experience management is one of the top four most important strategic challenges faced by the UK's leading law firms, according to research conducted by Thomson Elite. Following a recent survey of the UK's 125 largest firms, 73% of those surveyed rated it as either a 'very important' or an 'important' issue.
1 minute read
By a:1:{i:0;s:1:" ";} | February 7, 2007
Twenty years ago, partnership was the pre-eminent form of governance in most major professional sectors. In the 1980s, it began to decline in sectors such as accounting, consulting and investment banking to the extent that almost 50 of the top 100 accounting firms are now organised as privately-held or publicly-quoted corporations. So far, law firms have been slow to follow their lead, but in the UK the new Legal Services Bill brings with it the possibility of change.
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By a:1:{i:0;s:1:" ";} | January 31, 2007
The news that Freshfields Bruckhaus Deringer is to shed some 50 or so partners in the next year may have surprised a few at the firm's Fleet Street HQ, but at Linklaters the shock was that its arch rival had not acted sooner. Over at Silk Street, they have long shed the softly, softly approach to partnership that used to characterise the profession and managing partner Tony Angel has taken the firm in hand with obvious results.
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By a:1:{i:0;s:1:" ";} | January 24, 2007
What future trends are worrying managing partners in the US? A survey of 100 managing partners highlighted a range of concerns, such as regulatory changes, the rise of outsourcing and the generation gap. Patrick McKenna reports
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By a:1:{i:0;s:1:" ";} | January 10, 2007
With the Carter reforms set to take hold next year, insolvency is a very real threat facing law firms. David Miles offers advice on how not to go bust in 2007
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By a:1:{i:0;s:1:" ";} | December 13, 2006
Searching archives stored on obsolete data formats presents a serious challenge to efficient and cost-effective e-discovery. Gordon Harris reports on how companies can index billions of files and facilitate information-searching procedures
1 minute read
By Hugh A. Simons | February 26, 2018
If law firms have the bargaining power to raise standard rates an average of 3 percent, and realize a rate increase of 2.5 percent, then do they have the power to raise rates at, say, 7 percent and realize a 5 percent increase?
1 minute read
By Hugh A. Simons and Gina Passarella | February 25, 2018
Is the bubble set to burst on the buildup of law departments or is now the time to go in-house?
1 minute read
By Meredith Hobbs | February 23, 2018
Building on prior years' efforts, managing partner Stephen Lewis said the firm is "on a good path forward right now."
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By Charles Toutant | February 23, 2018
U.S. District Judge Robert Kugler granted partial summary judgment to Sun National Bank in its action to foreclose on a house in Ocean City and a building in Bridgeton owned by Kevin McCann.
1 minute read
By Michael Marciano | February 23, 2018
Connecticut's Wiggin and Dana recently broadened its leadership team with the promotion of Pakistani-American business immigration attorney and recent new mother Najia Khalid to partner.
1 minute read
By Ryan Lovelace | February 23, 2018
CEO Steve Immelt said he expects more growth to be driven by the tech sector and the Chinese market this year.
1 minute read
By Rose Walker | February 23, 2018
Corporate and litigation partners to contest top role at Anglo-Australian firm
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By Meghan Tribe | February 22, 2018
With a continued focus on delivering better value to clients, Nixon Peabody saw gains in gross revenue and profits per partner in 2017.
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By Meredith Hobbs | February 22, 2018
The hires by South Carolina-based Nelson Mullins coincide with a leadership change at Miles & Stockbridge.
1 minute read
By Miriam Rozen | February 22, 2018
David Beveridge will replace M&A partner Creighton Condon as the firm's senior partner.
1 minute read
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
Shipman & Goodwin LLP is seeking two associates to expand our national commercial real estate lending practice. Candidates should have ...
Duane Morris LLP has an immediate opening for a senior level, highly motivated litigation associate to join its dynamic and growing Employme...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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