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Ken Grady, a former Fortune 500 company Normal Counsel and considerate commentator, has famous the authorized trade tends to do quality by proxy.” He cites legislation school and agency brands as proxies for quality, arguing that as a substitute of metrics, lawyers make assumptions which can be generally tied to brand.
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Many massive legislation corporations have moved to a two-tiered partnership mannequin, with equity and non-fairness partners Equity partners are considered to have possession stakes in the firm, and share within the earnings (and losses) of the firm. Shoppers and non-clients often deliver claims against attorneys who’re functioning in other capacities, equivalent to receivers, trustees, company directors, property directors and fiduciaries.…