Letter from Toronto

Most readers are familiar with our habit of writing a “letter from…” when we have spent some time in a particular market.  We spent last week in Toronto among other things delivering the keynote and moderating breakout sessions at the annual meeting of Interlex, an...

The Decline of Litigation? Part 3

At the outset of this series, I explicitly said that I am not implying that disputes in the world were declining,  just that revenue to law firms from the litigation practice would decline. But it never hurts to ask. So again our good friends at Thomson Reuters said...

Fiscal Equinox (Observed)

With thanks to our friends at Thomson Reuters Legal Executive Institute. You spend from January 1 to April 23 devoting your revenue to paying taxes; After  April 23 (we’re talking averages here) another 40% of your year is “wasted” in...

The Decline of Litigation? Part 2

We haven’t talked yet about realization.  Shall we? The first time I saw this chart, it hit me between the eyes; your reaction may be similar.  In a nutshell: Even if litigation “demand” is more or less steady, what about revenue to law firms from that demand? In...

Question of the Month #3: Best measure of law firm performance?

Steven Brill’s audacious decision to publish AmLaw profits per partner figures starting over three decades ago was without question the single most brilliant journalistic stroke Law Land trade media has ever experienced, creating an enduring franchise to this day....
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