Business of Law
At-risk practice groups identified, more partner layoffs urged by law firm expert (video)
Posted Jul 11, 2013 10:28 AM CDT
By Lee Pacchia
Strong law firms routinely lay off partners, having adopted the General Electric model of annually dismissing those individuals who are under-performing compared to their colleagues, law firm consultant Kent Zimmermann of the Zeughauser Group tells Bloomberg Law's Lee Pacchia.
Zimmerman also talks about which practice groups are most at risk; how firms avoid the need for full partnership votes when dismissing partners; and how much overcapacity there is in the AmLaw 100 partnership ranks.