Bigger. Better. Both?
20 September, 2012
Thoughts on keeping the professional ethics flame burning
As big business and big bucks play ever greater roles in the conduct of professional practice serious questions are being raised as to the relevance of professionalism in the modern era. The questions relate to the continuing need for regulated, as opposed to self-imposed, ethical standards. We have argued in a white paper that professionalism […]
13 September, 2012
How can people who make a million dollars every year be wrong about their business?
David Maister once rhetorically asked ‘Have you ever tried to tell a bunch of people who make a million dollars a year they are wrong?’ He was referring, of course, to partners in fabulously profitable law firms who resisted his ideas about how to manage a firm. That was more than 15 years ago. And […]
5 September, 2012
PPEP levels are doomed without re-invention
If Bruce’s MacEwen’s recent analysis of the historical trend in revenue, demand and realization doesn’t worry you as an owner of a BigLaw firm, then don’t read any further. Beaton Capital has modeled a forward look at the drivers of BigLaw PPEP, profit per equity partner or equity point. The picture isn’t pretty.
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