Dentons recent, successful, and very public, challenge to The American Lawyer’s quantification of its profitability drew new attention to a long-debated question: Just how accurate are the AmLaw 200 profits per equity partner (PPEP) numbers?
For me, the Dentons/American Lawyer dispute also raises a more fundamental question: Is PPEP an appropriate way to measure the performance of a law firm, even if the numbers are accurate? I don’t think so. We need to do better. Read More
Last week, we opened a conversation about the law firm of the future. Responding to Bruce MacEwen’s two-partpost on the subject, I suggested an analytical framework for a new law firm model.
Today I will examine in more detail the five dimensions of change I believe are likely to characterize the new model. Read More
What should the law firm of the future look like? With all the change underway, all the unmet needs of the market, and all the opportunities the market presents, what is the optimal model?
This is a commonly discussed topic in seminars, bar meetings, and academic settings. It should also be a central question in law firm management meetings and among in-house counsel as they consider which law firms to hire. Read More