Profitability

White Papers

• The MPF 2010 Annual Conference
  A Summary of Discussion Points and Findings  ** NEW **
  by Charles F. Huxsaw and John Remsen, Jr.
  

  Over 90 managing partners, firm leaders and top consultants to the legal industry participated in The MPF 2010 Annual Conference on April 29th in Atlanta, Georgia. This comprehensive White Paper summarizes the key findings revealed through the use of state-of-the-art Audience Participation Technology. It focuses on how law firms approach strategic planning and the role of the managing partner; including what they do, how much time they spend in the role and how they get paid for all that non-billable effort. This is really good stuff.

• LexisNexis
  State of the Legal Industry Survey Report 
  by LexisNexis
  

  This 48-page report reveals deep divisions in how law firm leaders and in-house counsel perceive the future of the legal profession. Most corporate counsel insist that there will be fundamental changes in the way law firms operate, and that they have changed far too little in the wake of the economic downturn. Many law firm leaders disagree. On top of that, 65% of law students feel unprepared to enter the profession. 300 firm leaders, 150 in-house counsel and 100 law students participated in the survey which was conducted in late 2009.

• Legal Marketplace in Late 2009
  by Smock-Sterling Strategic Management Consultants
  

  As we approach year-end 2009, our friends at Smock-Sterling report good news to law firm leaders. They surveyed over 100 midsize firms, asking 26 important questions about the present and future legal marketplace. While many firms and practice areas have taken big hits during the economic downturn, most have not; and the law firm business model has proven itself to be remarkably resilient, especially for midsize firms.

• Managing Partner Confidence Index - 2nd Quarter 2009
  by Citi Private Bank
  

  Faculty Member Darryl Cross recently brought this quarterly survey to our attention. It captures the attitudes and opinions of leaders of the nation's largest law firms and there's good news. The current issue reports a strong sense among managing partners that the worst of the recession may finally be over.    

• Law Firms in Transition
  by Altman Weil
  

  Our friends at Altman Weil recently released this survey which reveals how larger law firms are adjusting to the economic downturn. It asked firms to identify both temporary and longer term changes they have made in a number of key areas.   

• The Current Economic Environment - What Firm Leaders Are Saying
  by John S. Smock, John W. Sterling and Peter A. Giuliani
  

  Forum Faculty member John Smock and his partners recently wrote this assessment of how law firms are performing in the midst of the current economic downturn. And it's not as bad as you might think for the well-managed law firm.   

• Practical Advice to Improve Your Firm's Profitability
  by John Remsen, Jr.
  

  From the inaugural issue of the Managing Partner Forum newsletter, firm leaders reveal their top management concerns and thoughts on strategic planning. Our response? It's time to assume the role of CEO in order to make the firm profitable.