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Re-engineering Underused Partners
In the current recession, partners whose practices depend on transactional areas of the law have experienced a significant decline in business. Some firms may have the resources and client work to carry them. Others may not. “Re-engineering” underutilized partners, although not the easiest solution, could be the least objectionable.
Your firm may be faced with the dilemma of dealing with underused partners for a couple of reasons. Perhaps the firm recently lost a large client, and now there's not enough of a particular type of work to go around. Or maybe the firm made a strategic decision to alter its practice areas, and certain partners work in a department that will cease to exist.
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