Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Law Firm Partnership & Benefits ReportKickerFeaturesTopicsLaw Firm ManagementSectionsNewsLJN Newsletters

More Firms Put Non-Lawyers at the Top

By David R. Maurer
August 30, 2012

After practicing as a partner at an AmLaw 100 firm for a number of years, a Labor & Employment attorney I know left to establish his own firm with a fellow partner. In the beginning, the two did everything themselves ' i.e., they found the office space, signed the lease, bought the furniture, managed the books, billed the clients and decided how, when and where to market their services.

Fast-forward 30 years and the two-person firm now employs 52 people, including 22 lawyers. Until very recently, the founder was still managing the firm. However, that has now changed. “It became increasingly clear that when it came to planning our long-term growth, determining the most sensible and productive investments, establishing the best equity structure for our partners, and articulating our mission across practice areas, I was not the best person for the job,” he explains. “And, on top of that, I wanted to practice law! That's why I became a lawyer … not to run a business.”

This premium content is locked for LJN Newsletters subscribers only

  • 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

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

The DOJ's New Parameters for Evaluating Corporate Compliance Programs Image

The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.

Use of Deferred Prosecution Agreements In White Collar Investigations Image

This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.

Bankruptcy Sales: Finding a Diamond In the Rough Image

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.

Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability Image

This article explores legal developments over the past year that may impact compliance officer personal liability.