TMG’s Take…on Institutionalizing Clients
A recent article published in the Law Firm Partnership & Benefits Report contains a provocative criticism of the rainmaker star approach that many law firms espouse, or at least implicitly accept. […]
TMG’s Take…on Lateral Partner Questionnaires
Even in today’s difficult economy, law firms are still bringing in lateral partners, and partners are still changing firms. A key component in the lateral partner hiring process is the lateral partner questionnaire, or LPQ as its termed in today’s [...]
Law Firms Expand Horizons in Finding Professional Development Executives
While talking to a law firm managing partner about a particular candidate for a director of professional development position, I was surprised to hear that the firm preferred to hire a lawyer for that job. In my 15 years following [...]
TMG’s Take…on Effective Lateral Hiring
Recent surveys conducted by the Citi Private Law Firm Group and Lexis-Nexis indicate that while lateral partner hiring remains as robust as ever, a large number of managing partners question the overall efficacy of such efforts. […]
TMG’s Take…on 2012’s Financial Reports
A study of early financial results reported by law firms for 2012 reveals that last year produced very similar results to 2011, with nearly identical increases in both revenues and profits per partner. […]
Law Firm Mergers: This is Not Fantasy Baseball
By Steve Nelson In the process of advising one large law firm on merger possibilities, one of their senior partners recounted to us how merger talks, now stalled, had been initiated with a large multicity firm. […]
TMG’s Take…on Law Firm Mergers
A perspective on legal management issues from The McCormick Group. In case you’ve not already heard, 2011 was the year of the law firm merger. According to a recent Wall St. Journal article, there were more law firm mergers in 2011 than [...]