http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/ Great Things Come in Small [Law] Practices! Thu, 09 Feb 2012 04:09:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/comment-page-1/#comment-3143 Ryan Phillips Thu, 04 Feb 2010 12:04:36 +0000 http://174.120.83.8/~sh1ngl3/2009/01/articles/uncategorized/is-biglaw-planning-on-changing-the-rules-of-the-game/#comment-3143 Great post. It suggests an effort by Biglaw akin to interest groups lobbying Congress and the like. A very well-respected federal judge in my state speaks often about his sadness at the rise of Biglaw and fall of "profession-oriented" firms. Great post. It suggests an effort by Biglaw akin to interest groups lobbying Congress and the like. A very well-respected federal judge in my state speaks often about his sadness at the rise of Biglaw and fall of “profession-oriented” firms.

]]> http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/comment-page-1/#comment-3142 Jason Mark Anderman Tue, 27 Jan 2009 21:05:44 +0000 http://174.120.83.8/~sh1ngl3/2009/01/articles/uncategorized/is-biglaw-planning-on-changing-the-rules-of-the-game/#comment-3142 Also, as you pointed out when commenting on this article, small firms are really leading the way in providing the best alternative fee arrangements. Jay Shepherd at Shepherd Law Group is doing quite well with this approach. Also, as you pointed out when commenting on this article, small firms are really leading the way in providing the best alternative fee arrangements. Jay Shepherd at Shepherd Law Group is doing quite well with this approach.

]]> http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/comment-page-1/#comment-3141 Jason Mark Anderman Tue, 27 Jan 2009 21:03:23 +0000 http://174.120.83.8/~sh1ngl3/2009/01/articles/uncategorized/is-biglaw-planning-on-changing-the-rules-of-the-game/#comment-3141 Also, as you pointed out when commenting on this article, small firms are really leading the way in providing the best alternative fee arrangements. Jay Shepherd is doing quite well with this approach: <a href="http://www.shepherdlawgroup.com/approach_FAQ2.php" rel="nofollow">http://www.shepherdlawgroup.com/approach_FAQ2.php</a> Also, as you pointed out when commenting on this article, small firms are really leading the way in providing the best alternative fee arrangements. Jay Shepherd is doing quite well with this approach: http://www.shepherdlawgroup.com/approach_FAQ2.php

]]> http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/comment-page-1/#comment-3140 Mark Astarita Tue, 27 Jan 2009 17:43:18 +0000 http://174.120.83.8/~sh1ngl3/2009/01/articles/uncategorized/is-biglaw-planning-on-changing-the-rules-of-the-game/#comment-3140 Great post Carolyn. BigLaw decided years ago to finance its operations with bank loans rather than operate within its means. Didn't Finley Kumble go under because of its bank loans that it couldn't repay? So, because they don't want to act responsibly, we should allow private investments in law firms? and force associates to sign restrictive covenants? Act responsibly, provide good service, and work hard and they wouldn't have to worry about this nonsense. Great post Carolyn. BigLaw decided years ago to finance its operations with bank loans rather than operate within its means. Didn’t Finley Kumble go under because of its bank loans that it couldn’t repay?
So, because they don’t want to act responsibly, we should allow private investments in law firms? and force associates to sign restrictive covenants?
Act responsibly, provide good service, and work hard and they wouldn’t have to worry about this nonsense.

]]> http://myshingle.com/2009/01/articles/biglaw-practice-and-issues/is-biglaw-planning-on-changing-the-rules-of-the-game/comment-page-1/#comment-3139 Jay Parkhill Tue, 27 Jan 2009 12:37:55 +0000 http://174.120.83.8/~sh1ngl3/2009/01/articles/uncategorized/is-biglaw-planning-on-changing-the-rules-of-the-game/#comment-3139 Though I've never worked in a large law firm, I believe the problem is a singular focus on profits-per-partner. One firm does slightly better than another so a rainmaker jumps ship, which drives down the PPP number in the old firm, so more partners leave . . . The only reason this causes me any worry is that big firms are a major training ground for new lawyers. I feel bad for young associates who might lose their jobs because of management attitudes. And last, note that non-competes are unenforceable in California so that solution would not work here in any case. Though I’ve never worked in a large law firm, I believe the problem is a singular focus on profits-per-partner. One firm does slightly better than another so a rainmaker jumps ship, which drives down the PPP number in the old firm, so more partners leave . . .
The only reason this causes me any worry is that big firms are a major training ground for new lawyers. I feel bad for young associates who might lose their jobs because of management attitudes.
And last, note that non-competes are unenforceable in California so that solution would not work here in any case.

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