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
The American Lawyer magazine announced its annual “A-List” this week, recognizing 20 American law firms which it calls the “new elite.” It is interesting to see which firms make the list each year and how they rank.
What really makes the A-list important, however, is the welcome emphasis it places on factors other than money. Widely held responsible for the legal industry’s fixation on profits per partner since it initiated law firm financial rankings 28 years ago, The American Lawyernow does the profession an important service by stimulating public focus on other elements of law firm performance. Read More
I am looking forward to chairing Thomson Reuters Legal Executive Institute’s Second Annual Law Firm Financial Forum on September 18 in New York. Last year’s inaugural event was a resounding success. We will build on it—literally—this year. Read More