It’s January, the first month of a new year. New Year’s resolutions and holidays are behind us and a couple of too cold months are likely ahead. For many law firm partners, the beginning of a new year feels like nothing more than time to start rolling the proverbial boulder up the seemingly all-too-steep annual peak. More matters, more hours, more bills, more collections, another compensation cycle….
But do not despair, in this month’s column we review some forecasts about the evolving nature of the practice of law and make some suggestions about implementing changes to your firm’s partnership agreements and policies to best address them. We also point out, as needed, some cautions that should be kept in mind in trying to adjust to the perceived needs of the marketplace.
