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Turnover Low at Old-Fashioned Firm

Posted Jun 15, 2007 8:40 AM CDT
By Debra Cassens Weiss

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An old-fashioned management approach appears to be working for Boston-based Goulston & Storrs.

American Lawyer reports that the firm, a new member of its top 200 list, makes major decisions by a vote of the entire partnership after long, intense meetings. Turnover is unusually low.

The legal newspaper describes the firm’s business model as “characterized by team-oriented client service; low associate-to-partner leverage; a base of real estate clients augmented by growing middle-market private equity, corporate and litigation practices; and valuable lateral hires drawn to the firm for its traditional values.”

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