Law Practice
Mar. 8, 2012
Practice group leader: a title denoting performance or entitlement in the firm?
A practice group model that incorporates absolute accountability for results is the first step in developing a business plan that works. By Edwin B. Reeser
Many large law firms have witnessed significant, repeated shortfalls in real results compared to budgeted net income from 2007 through 2011. During this period, as enterprises, many firms delivered stagnant or reduced income pools to distribute to their partners, but generated upward reported returns to "partners" through unprecedented cost cutting, salaried attorney and staff dismissals, equity partner de-equitizations, revoked job o...
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