Maybe you don’t feel confident with accounting literacy. That’s okay, but let’s not make this an excuse. You gotta know and understand this stuff. It’s basic, like knowing the difference between a strike and a foul ball in baseball. And if you’re going to:...
Recently over at Big Law Investor, there was a post about the bloat in Big Law: More partner profits (which can never, ever be compromised) = more associate billable hours. More associate billable hours = paying higher associate salaries. Paying higher associate...
A brief conversation I recently had with an IP lawyer. She moved in-house to one of her best clients a couple of years ago. For a time she said that things were going well. She recounted how she largely continued to function as she did when she was outside counsel....
Six Sigma. You will hear about this a lot in operations consulting. It is the idea that a process is very consistent and repeatable. Six sigma means there are only 3.4 defects per 1 million units. Essentially, it is almost perfect. Motorola coined the term in the...
There is often a gap between the way things function and the way things ought to function. Law firms in particular are susceptible to this problem. Law firms are bastions of doing things “the way they’ve always been done.” This is because lawyers are...
Should you work for free? Last week on the Twitters, I noticed a post by Bob Ambrogi, offering details on a new website that wants to be “the WebMD of law:” The video site TalksOnLaw describes itself as on a mission to help everyone better understand the...