Features
Compensation Remains One of the Most Important Decisions for a Law Firm
With associate compensation dominating the headlines over the past several months, partner compensation has managed to slip under the radar. This isn't particularly surprising, however, given how uncomfortable discussions regarding partner pay can be for lawyers and their firms.Despite the tendency to delay or even avoid such conversations, partnership compensation remains one of the most scrutinized decisions in a law practice.
Features
Overtime Pay Morass: FLSA Overhaul to Take Effect on Dec. 1
The new DOL regulations that will take effect on Dec. 1, 2016 do not precisely resolve the present overtime eligibility debate; the absence of clarity remains a material issue especially with respect to highly compensated individuals or large groups of employees who are not easily classified.
Features
Partner and Millennial Associates' Performance Expectations
As more and more millennials enter the workforce, generational clashes will continue. What can be done to bridge the gap and why should you care?
Features
Litigation Funders Planning a New Role: Law Firm Ownership
Since litigation finance hit the scene just a couple decades ago, the business has evolved from investing in single lawsuits to groups of claims to purchasing judgments at bankruptcy auctions. Now, some litigation finance firms are preparing for an even bigger change to their business model: Injecting cash directly into law firms in the form of an equity stake that isn't tied to any specific case.
Features
AI and the Law
<b><i>The Paradigm Shift Hits the Fan</b></i><p><p>AI — artificial intelligence — and its relatives: digital research engines, “bots” and other automatons, have made their beachhead in the legal profession, and it really looks like this is gonna change everything.
Features
Lower Pay for Women Partners in Law Firms
In the face of a glaring pay gap between male and female law firm partners, some firm leaders point to the emphasis on origination credit (bringing in new business) as the key culprit. But moving away from such a model may not be so easy.
Features
Workplace Violence
<b><i>Minimizing Risk and Protecting Employees</b></i><p>According to the Occupational Safety and Health Administration (OSHA), approximately 2 million employees are victims of workplace violence each year. Violence in the workplace must be a top concern for employers, as no organization is immune from workplace violence and no organization can completely prevent it.
Features
Lower Pay for Women Partners
In the face of a glaring pay gap between male and female law firm partners, some firm leaders point to the emphasis on origination credit (bringing in new business) as the key culprit. But moving away from such a model may not be so easy.
Features
Partner and Millennial Associates' Performance Expectations
“They don't want to work!” It's an all-too-familiar refrain uttered about associates of the millennial generation. As more and more millennials enter the workforce these generational clashes will continue. What can be done to bridge the gap and why should you care?
Features
As Rates Soar, Some Firms Profit by Coming Down to Earth
With overall law firm billing rates rising fast, firms that increased their rates more slowly are reaping rewards in the form of greater revenue growth, according to a new study.
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