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Book Review: <i>The First Myth of Legal Management Is That It Exists</i>

By ALM Staff | Law Journal Newsletters |
January 27, 2005

Triskaidekaphobics will try in vain to find a chapter in this book they're willing to skip: the 13 articles assembled here are all too relevant and important to miss. Most are also too funny to miss.

Written by our new Board of Editors member, Ed Wesemann, and published in 2004 ' with profits donated to the ALA ' this collection of skillfully crafted essays provides illuminating observations and pithy advice on a wide range of challenges facing law firms and lawyers. The book's first chapter, on profitability problems larger firms have with small clients, was the springboard for this month's roundtable discussion.

Directed primarily to firm managers and administrators, the book is rich with examples of the interplay between managerial decisions and the rational self-interest of individual associates and partners. I hate the term “must reading,” but the chapter on “When Good Law Firms Go Bad” is exactly that. Another chapter on social-economic dynamics examines why nonequity partnership is becoming a desirable option for some associates. Surprisingly, the same chapter goes on to explain how de-equitizing an underproductive partner inadvertently sabotages that partner's ability to regain productivity.

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