Saturday, September 5, 2020

Law Firms 16 Ideas For Firms That Are Not Super

Developing the Next Generation of Rainmakers Law Firms: 16 Ideas for Firms that are not Super-Rich or Even Rich I saw an article recently that caught my eye:  The Imminent Capitulation Of Many Big Firms. Mark Herrmann writes: So the world seems to agree: The super-rich firms will become even more superbly rich, and the merely rich firms will lose ground. Where does that leave many big firms? In a world of hurt. Both the super-rich firms and the merely rich firms live in a different world than most of you find yourself. I never practiced law in a firm with $1 million profits-per-partner, much less one with $3 million. If many big law firms do in fact capitulate, I would think there will be more opportunities for the less rich law firms. How can you take advantage of them? The answer to that question depends on many variables, but there are points that you should consider: I practiced law for 37 years developing a national construction law practice representing some of the top highway and transportation construction contractors in the US.

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