TMG’s Take…on the Decline of the Portable Business Model
Law firms sticking to the old “portable business” ratios in evaluating lateral partners find themselves losing ground. […]
TMG’s Take…on 4 Reasons Your Firm Isn’t Doing Succession Planning
Retiring Baby Boomers pose big challenges for law firms. The aging-out of the generation, which began when the first baby boomers turned 65 in 2011, will affect most of Big Law. […]
TMG’s Take…on Lateral Partner Questionnaires
Virtually every law firm we talk to is disappointed with the results of their lateral partner hiring efforts. We often hear about good candidates dropping out of the process and ultimately staying with their current firms. […]
TMG’s Take…on 2015’s Financial Reports
The largest tier of law firms did not perform financially as well as their smaller counterparts, according to a McCormick Group study of publicly reported financial results for 2015. […]
TMG’s Take…on “Moneyball” and Lateral Partners
Recently, The American Lawyer caused quite a stir with a recent article, “How to Hire a Home-Run Lateral? Look at Their Stats” indicating that law firms are beginning to use statistical analysis similar to those used in Major League Baseball [...]
TMG’s Take…on Lateral Movement and “Chambers”
An exclusive study conducted by The McCormick Group reveals that fewer Washington, D.C. Chambers-rated lawyers moved in 2015 than in the previous year. […]
TMG’s Take…on Government Relations Talent Acquisition Strategy in the “New World of Influence”
Government affairs and lobbying (the business of influence) is changing. Lobbyists, whether external professionals or in corporate government affairs departments, help their client understand and effectively influence government policy. […]
TMG’s Take…on The AmLaw Rankings
Recently, the American Lawyer’s methodology for its rankings has come under fire from several fronts. […]
TMG’s Take…on Using Data Analytics in Partner Recruiting
By Steve Nelson and Ellen Dougherty Even lawyers are talking about big data, although as usual, the industry is a bit behind other professional services firms. […]
TMG’s Take…on 2014’s Financial Reports
The annual McCormick Group review of five-year financial statistics reveals a surprisingly wide disparity in the financial performance of U.S. law firms during the years 2009-2014. […]