Drainmakers: Dealing With Under-productive Partners
| Citation | Vol. 28 No. 2 Pg. 3 |
| Publication year | 2005 |
| Pages | 3 |
| Year | 2005 |
| topic | Business of Law,Employment Law |
Vol. 28, No. 2 #3 (April 2005). DRAINMAKERS: Dealing with Under-Productive Partners
April 2005/Vol. XXVIII, No. 2
Unproductive partners is not a particularly new problem. Dealing with partners who ran out of steam mid-career was probably on the agenda of the first chambers meeting after the signing of the Magna Carta. But only recently did it became the front burner issue it is today. In part its new priority may be because it was considered ungentlemanly to discuss individual partners until new versions of time and billing software generated statistical reports that highlighted the problems. Certainly the drive for profitability in law firms didn't truly emerge until the American Lawyer in the U.S. (and similar publications in other countries) began publishing comparative law firm profits per partner. And, despite all this publicity, we still witness frequent debates in firms about whether the practice of law is a profession or a business.
Awareness begs the question of why law firms have this problem to begin with. And there are...
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