5 Most-Read Legal Industry Articles Of 2017

Source: Law360

By Guest Contributors, Law360

What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles written by Law360 guest authors.

5 Mistakes That End Law Firms
Although the end often comes quickly, law firms do not fail overnight. Randy Evans of Dentons and Elizabeth Whitney of Swiss Re Corporate Solutions review five mistakes that expedite law firm failures.

New Post-Recession Metrics For BigLaw Partner Success
After a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and billable hour metrics. But there are signs that the real impact of the recession is still around the corner, and building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.

Make Way For The 'Unicorns'
By "unicorn" I don’t mean the next great tech startup with a valuation of $1 billion. I mean the new breed of lawyers realizing that there are better ways to get their day jobs done, says Lucy Endel Bassli, assistant general counsel leading the legal operations and contracting functions at Microsoft Corp.

6 Common Lateral Partner Myths Debunked
It’s safe to say that while demand ebbs and flows for legal services, there will never be a shortage of opinions about lateral partner hiring, which is positive for the industry, as anything with such vital importance to careers should attract significant attention. However, there is a unique mythology that travels with the discussions, says Dan Hatch of Major Lindsey & Africa.

How The Most Profitable Law Firms Structure Their C-Suites
The most successful Am Law 200 law firms have evolved from being partner-run to being run by a group of highly skilled professionals reporting to firm shareholders. The data collected from our recent survey indicates this model is generally conducive to increased profitability, says Anita Turner, senior director at Colliers International.



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