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: TechnoLawyer Blog

BigLaw: It's About Time We Talked About Overpartnering

By Liz Kurtz

Originally published on March 22, 2010 in our free BigLaw newsletter. The economic downturn left a lot of casualties in its wake. Legal staff, associates, summer programs, car service, art budgets, breakfast, lunches and dinners … even entire law firms. But, despite the considerable ink spilled reporting on layoffs, deferrals, and cost-cutting at the nation's law firms, chatter about the uncomfortable matter of partner reductions remains relatively hushed. Until now. Law Firms (Quietly) Begin Purging Partners Recently, a report released by consultants at Hildebrandt Baker Robbins and the Private Bank division of Citigroup made it official: law firms are "overpartnered." "During 2010," the report concludes, "many firms are likely to begin addressing this issue using a variety of tools including sharper compensation differentiations, early retirement packages, and 'tough love' conversations...continue to full post

Full post as published by TechnoLawyer Blog on March 29, 2010 (boomark / email).

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