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IS DIVERSITY A PREFERENCE OR A VALUE ADDED? II.
A SURPRISE EXAMPLE – Recently, I was genuinely surprised by a most well respected Associate General Counsel of a global corporation. This lawyer was huffing and puffing because his colleague at a competitor company had received an accolade from the local newspaper praising her as one of the tope in-house counsel in the region. The award itself as well as the press coverage focused in large measure on her outstanding record in recruiting women and minorities, and on her efforts to incentivize outside counsel to likewise excel.At bottom, my AGC's hostile reaction was driven by his perception that diversity in and of itself is a spurious professional standard for companies like his own as well as for the professional firms he hires. I do not believe this guy is a sexist or a racist. Instead, he seems to be a familiarly conservative opponent of what he perceives to be preferences in any shape, size or variety. Next column will discuss the flaw in his thinking.
A SURPRISE EXAMPLE – Recently, I was genuinely surprised by a most well respected Associate General Counsel of a global corporation. This lawyer was huffing and puffing because his colleague at a competitor company had received an accolade from the local newspaper praising her as one of the tope in-house counsel in the region. The award itself as well as the press coverage focused in large measure on her outstanding record in recruiting women and minorities, and on her efforts to incentivize outside counsel to likewise excel.At bottom, my AGC's hostile reaction was driven by his perception that diversity in and of itself is a spurious professional standard for companies like his own as well as for the professional firms he hires. I do not believe this guy is a sexist or a racist. Instead, he seems to be a familiarly conservative opponent of what he perceives to be preferences in any shape, size or variety. Next column will discuss the flaw in his thinking.
Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
The Self-Service Buyer Is On the Rise
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Should Large Law Firms Penalize RTO Rebels or Explore Alternatives?
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
Sink or Swim: The Evolving State of Law Firm Administrative Support
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.