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New Report on Legal Industry Says it Might Be ''Time to Burn the Ships''

A new report published by Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson R....

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Basic Rules Regarding Recruitment and Compensation of Lateral Partners

Few areas have more potential for internal criticism and strife than determining the appropriate compensation level for ....

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Young Lawyer Fears for His Future Amid Legal Industry Changes

Question:I am a second year associate at a mid-size firm where there have been lay-offs. I know I am fortunate to still ....

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Sixth-year Litigation Associate Sees Little Chance of Making Partner

Question:I am a sixth year litigation associate with a large firm in Los Angeles. This year the firm promoted only two a....

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Do Grades Matter If You Have Good Litigation Experience?

Question:I am a fourth-year litigator at a small firm that focuses on criminal defense (DUI, street crimes, etc.). I'm ....

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No Job Offer in Hand? Then You Need a Plan

In the past, most summer associates working at large firms felt that if they showed up at a decent hour, acted respectab....

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Valeo Report Shows Increase In Billing Rate of Associates

The Valeo Halftime Report, which is published by Valeo Partners, shows that the billing rates for associates have increa....

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Law Firm Profit Components

Would anyone advise a commercial entity with multiple business lines to operate in an environment in which management do....

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The Argument for Eliminating Lock-Step Partner Compensation

Eliminate Lock-Step Model and Reward Performance, Not Time ServedBeginning at the end of 1999, law firms began accelerat....

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The Emphasis on New Clients and Partner Compensation

There are as many variations of partner compensation plans as there are law firms. Most are well intended and targeted a....

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Compensation Issues

At too many firms around the country, the primary roles of the first-year associate are pretty simple: Generate a signif....

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Practice Management

Changing Market for Legal Services Places New Focus on Practice ManagementLaw firms are recognizing that the days of ope....

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How Law Firms Can Survive a Tough Economic Legal Market

How can you know if your firm is at serious risk? And, what can you do to avoid trouble on the horizon? The following ar....

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Issues Law Firms Should Consider in Slowing Business Climates

In the past, many law firm leaders proclaimed, ''Last year was our best year ever.'' Now, after years of double-digit re....

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Warning Signs for a Troubled Legal Market

Some of these warning signs are economic based, and are thus ''measurable,'' while others involve intangibles and percep....

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