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Law Firm Associates Law Firm Management Law Firm Profitability

Law Firm Profitability and Learning from the Past

Future partners will be identified, developed, and elected from the associate ranks, so they truly represent the future of the firm. Reducing the number of associates from which to choose future partners is a risky undertaking.


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I learned a lot from my grandfather’s Farmer’s Almanac (my grandfather was a farmer in the Ohio River valley in the 1930s): wisdom, colorful language, and the proper way to prepare corn meal mush (an acquired taste but worth the effort!). One thing he taught me was a basic rule of farming: “You never eat your seed corn.”

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