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Managing Partners Say Their Lawyers Are Underperforming and Slow to Change
By Stephanie Russell-Kraft, Bloomberg Law, June 10, 2017
This post has been viewed 3,271 times.
This post has been viewed 3,271 times.
The leaders of Big Law firms in the US don’t seem to be very happy with recent changes — or lack thereof — in their firms, according to a survey of nearly 400 managing partners and chairs.
In response to survey questions posed by legal management consulting firm Altman Weil, 88 percent of respondents said they have chronically underperforming lawyers, 61 percent said overcapacity is diluting their profitability, and 65 percent said their partners resist most efforts to change how to they do business. This comes at a time when most (72 percent) law firm leaders said the pace of change in the legal industry will only continue to increase in the coming years.
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