All too often, we think of the legal market, especially for law firms, as being composed of BigLaw or at least lawyers that bill by the hour.
The truth is, though, that today’s legal marketplace is composed of various segments. These segments have business models and goals that are so different that they might as well be thought of as separate types of businesses entirely.
The trend toward increase diversification and segmentation in legal was brought home to me in a couple of conversations this week. The first was with Kris Satunkas. Satunkas is the Director of Strategic Consulting for CounselLink.
Continue Reading The Legal Market: Continued Diversification and Segmentation
Lost in the acrimonious abortion debate in the wake of last week’s Supreme Court ruling are fundamental and downright scary questions. What does the brave new world of privacy? What privacy protections are there, or what should there be now that abortion is illegal in so many states? A brave new world that may terrify tech companies and ultimately all of us.
I had an interesting discussion recently with
Several
At the risk of stating what perhaps should be obvious, lawyers valued for their abilities and insight are generally happier. They are certainly happier than those valued almost entirely on their production (i.e., billable hours). The latter group is by and large less healthy than the former. And in the long run, the happier lawyers are more–not less– productive than their unhappy, stressed out brethren.
Last
Early on in the ABA’s most recent annual diversity
Early this week,
A couple of commentators noted the announcement by AmLaw 100 firm Hogans Lovells last week that making partner requires “being all in .” According to Hogans Lovell, being all in typically means 2400 hours per year. (Hogans Lovell says it recognizes this “goal” could be achieved by billable hours and “further contributions .” But Hogans is clear that a “significant portion” of these hours will be client chargeable work).