Shift thinking and BigLaw firms

My post on Shift thinking and BigLaw firms is written for those readers who are not familiar with Mark Bonchek’s writing – and also for those who relish another dose of Mark’s brilliant expositions on shift thinking.

Intrapreneurs needed in BigLaw firms

‘Intrapreneurs needed in BigLaw firms’, today’s post on Dialogue by Joshua Kubicki draws our attention (again – thank you, Joshua) to one of the most important challenges BigLaw firms face in remaking their business models: Leadership capable of managing the daunting change involved. 

Is Jon Molot right about BigLaw firms’ capital structure?

 The blogosphere and books are replete with the refrain that the BigLaw business model is a (the?) root cause of many of the challenges faced by owners, staff and, most important of all, clients. I only recently came across a scholarly article that makes, in my opinion, a major contribution to this discourse. Here I reproduce the abstract of the article and ask: “Is Jon Molot right about BigLaw firms’ capital structure?“

When it comes to pricing BigLaw’s services, play off the front foot or perish

New insights into equity profit shares in US BigLaw firms

“The topic of equity profit shares can bring more tears than working with an onion.” 

Ed’s views on a recent (February 27, 2017 ) American Lawyer article shed additional light on one of the first open commentaries by (BigLaw) firm leaders about the changing landscape of equity partner compensation. The topic is complex and nuanced in ways that are much deeper than any one article can cover. The real value is that finally it is being talked about in a more open and honest way than ever before, and that is a good thing. But a lot churns just below the surface, and isn’t discussed in the article by firm leaders, for understandable reasons.