Wednesday, May 31, 2017

Law Firm Partners: Underperforming & Slow to Change?

According to the recent Altman Weil survey, managers Big Law firms are not happy with the state of affairs. From Bloomberg Law Big Law Business:

In response to survey questions posed by legal management consulting firm Altman Weil, 88 percent of respondents said they have chronically underperforming lawyers, 61 percent said overcapacity is diluting their profitability, and 65 percent said their partners resist most efforts to change how to they do business. This comes at a time when most (72 percent) law firm leaders said the pace of change in the legal industry will only continue to increase in the coming years.

The gist of the survey results is that lawyers still aren’t aware that times are changing and they have to change as well.

You can read about the detailed survey results here.


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