Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
It's Time for Some Attention to Partners
It is hard to spot amid all the publicity about new models for managing associates, but a second change in how firms manage their talent is also underway. After years of focusing on associates, law firms are beginning to realize that they need to pay more attention to their partners. The change has been slow, and most firms still take a “sink or swim” approach to their partners' careers. But more firms are concluding that the old approach has become too risky, because the waters in which their partners swim are too rough and their individual success is too critical to the firm's overall success. Over the next decade or two, the firms that act on this insight are likely to gain a significant competitive advantage.
If a firm wants to pursue this advantage, what should it do? To answer that question, this article draws on a recent survey of more than 500 partners in 44 major firms in the U.S. and Canada whom their firms identified as successful. (The survey was conducted by Tim Leishman and Steve Armstrong of Firm Leader and David Cruickshank of Kerma Partners.) It explored the participants' development after they became partners, the skills they regarded as most important to their present and future success, and the obstacles they saw in their paths.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.