tag:blogger.com,1999:blog-6934390476006687286Thu, 29 Aug 2024 00:59:44 +0000future of lawLaw firm business modelsassociate attritionassociate discontentmild humor -- funny because it's truework-life balanceWe aim to empower the legions of smart, newly and soon to be minted attorneys, many of whom are currently in a legal purgatory of sorts.http://nextlex.blogspot.com/noreply@blogger.com (J Hampton Goodwin)Blogger5125tag:blogger.com,1999:blog-6934390476006687286.post-2607349728466282701Wed, 11 Jun 2008 17:08:00 +00002008-06-11T13:14:53.690-04:00It's been ages since our last post. In our defense, we've been working on a grander vision for NextLex. In that vein, for all of our readers (yes, all 3 of you), we've moved to www.nextlex.net -- it's quasi-wire frame until we finish the beta, but we will continue (OK, start) blogging in our new home, delivering useful articles, links, and other informational sundries.Come check out the new http://nextlex.blogspot.com/2008/06/update.htmlnoreply@blogger.com (J Hampton Goodwin)0tag:blogger.com,1999:blog-6934390476006687286.post-3338692310509158417Wed, 30 Jan 2008 17:28:00 +00002008-01-31T14:11:45.999-05:00future of lawLaw firm business modelsOver at law.com, Nathan Carlile writes about pay compression between senior associates and junior partners. The piece is intriguing, undoubtedly ample fodder for future posts. For the moment let me direct you to one thought:Headaches over compression go back generations, consultants say, with smaller, less profitable firms especially hard-hit. That's because the market determines associate http://nextlex.blogspot.com/2008/01/whats-wrong-with-business-of-law_30.htmlnoreply@blogger.com (J Hampton Goodwin)0tag:blogger.com,1999:blog-6934390476006687286.post-213367308501469984Wed, 30 Jan 2008 17:09:00 +00002008-01-31T14:12:51.541-05:00associate attritionfuture of lawLaw firm business modelsExpanding on my earlier post, it occurs to me that the law firm model itself is largely to blame for associate attrition. At its most basic level, the practice of law is a service business, meaning revenue growth requires delivering more units of labor. Based on a billable hour paradigm, growing partner profits means profitably outsourcing work to other attorneys, specifically junior associates. http://nextlex.blogspot.com/2008/01/whats-wrong-with-business-of-law.htmlnoreply@blogger.com (J Hampton Goodwin)0tag:blogger.com,1999:blog-6934390476006687286.post-8104518544320358793Mon, 28 Jan 2008 16:23:00 +00002008-02-06T00:20:16.577-05:00associate attritionfuture of lawwork-life balanceAs reported in last Thursday's New York Times, law firms are yet again attempting to put a lid on the ever growing associate attrition rate. Among the methods cited: Quarles & Brady eliminating the billable hour requirement and granting more time off; Howrey's move to merit based career and pay progression; and an increasing number of firms shifting to flat fee billing.JDBliss argues that http://nextlex.blogspot.com/2008/01/firms-stemming-tide-polishing-brass-on.htmlnoreply@blogger.com (J Hampton Goodwin)0tag:blogger.com,1999:blog-6934390476006687286.post-1913390518716095272Fri, 25 Jan 2008 17:18:00 +00002008-01-31T14:13:22.652-05:00associate discontentmild humor -- funny because it's trueFrom the grapevine:"As many of you are aware, today is my last day at the firm. It is time for me to move on and I want you to know that I have accepted a position as "Trophy Husband". This decision was quite easy and took little consideration. However, I am confident this new role represents a welcome change in my life and a step up from my current situation. While I have a high degree of http://nextlex.blogspot.com/2008/01/how-to-say-goodbye.htmlnoreply@blogger.com (J Hampton Goodwin)0