TMG’s Take…on Institutionalizing Clients
A recent article published in the Law Firm Partnership & Benefits Report contains a provocative criticism of the rainmaker star approach that many law firms espouse, or at least implicitly accept. […]
D.C. Law Firms Lag Behind the ‘Super Rich’ from New York
Stephen Nelson's recent TMG's Take on 2013's Financial Reports for Law Firms is referenced in the National Law Journal "D.C. Law Firms Lag Behind the 'Super Rich' from New York".
TMG’s Take…on Counteroffers – No One Wins
A recent article published in The Washington Business Journal’s FedBiz column featured a dispute between Booz Allen and a former employee, Gia Allen. Ms. Allen claims that Booz Allen extended a counteroffer to entice her to decline a competing firm’s [...]
TMG’s Take…on Lateral Partner Questionnaires
Even in today’s difficult economy, law firms are still bringing in lateral partners, and partners are still changing firms. A key component in the lateral partner hiring process is the lateral partner questionnaire, or LPQ as its termed in today’s [...]
TMG’s Take…on The “Crisis” Facing Big Law
Earlier this month, Business Week jumped on the “law firms must adapt or die” bandwagon. This follows a story concerning the so-called travails of Mayer Brown in the New Republic with the patently ridiculous title, “The Last Days of Big [...]
TMG’s Take…on Year-End Compensation Reviews
As we approach the end of the year, law firms are focused on two major initiatives, collecting bills and determining partner compensation. […]
TMGs Take…on 2013’s Financial Reports
Remember when after the 2008 economic meltdown, some pundits were predicting that law firms based in Washington would benefit from the increased regulatory work, somewhat at the expense of New York-based firms. Well, it hasn’t turned out that way, and [...]
TMG’s Take…on Demand for Data Scientists
In a recent article in FCW, “Demand grows for data scientists”, the author, Frank Konkel, discusses how the addition of 2.5 Quintillion bytes of information every day to our current systems has affected the demand for data scientists. [...]
TMG’s Take…on Sequestration and Federal Contracting
Tim Ward, Principal at The McCormick Group Inc., recently had a Q&A session with Emily Mekinc from the Washington Business Journal about sequestration and the government contracting market. […]
TMG’s Take…on Effective Lateral Hiring
Recent surveys conducted by the Citi Private Law Firm Group and Lexis-Nexis indicate that while lateral partner hiring remains as robust as ever, a large number of managing partners question the overall efficacy of such efforts. […]