What’s Next for Law Firm Leaders?
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I met with Lee Pacchia on Mimesis Law‘s “Business of Law” web TV program to discuss, among other topics, my recent post in which I described how some law firms are stifling the growth of future rainmakers. I made a few bold comments, many of which are culled from the remarks and presentations I deliver at numerous law firm and law department retreats, and from previous articles. Yes, it’s easy to lob critiques. But it’s also easy to hide from the truth. There are answers for the major challenges facing law firm leaders, yet we see so few bold, progressive moves on any scale.
“Law firm leaders tend to think their business is so complex and challenging and unlike others.”
“I’ve come around to the view that you can’t change behavior unless you change the compensation plan first.”
“If you’re hiring the wrong people and you can’t trust them to write an article that puts the firm in a positive light, then I’d look in the mirror and say who am I hiring and what are my skills as a manager?”
“The younger generation is not bound by the traditional partnership path.”
“It’s easy to demonstrate that changing behaviors will put more money in the partners’ pockets.”
“A law firm partnership model is a ridiculous model for governance. Giving people an equal vote on how an operation should run is silly.”
“Nowhere in my job description does it say I’ve got to protect the model of the Biglaw business.”
“A potted plant can demand discounts from suppliers.”
Read original articleTags: Law Department, Law Firm, law firms
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