RJH Consulting

[...] , work hard as an associate for five to seven years and then, in most cases, be admitted to equity partnership, staying until death or retirement.  Today, even for smaller law firms, it is common to [...]

[...] partners:  equity partners and non-equity, income, or contract partners. Equity partnership typically involves capital invested in the firm, shared liability for the debts of the firm, [...]

[...] Many firms, when they are facing problems, will bring in an outsider to perform an operations analysis.  What often makes more sense, however, is to do it before problems occur. An operations [...]

[...] top law schools.  In an era in which there already are far more students graduating from law school than there are entry level jobs for lawyers, is it a good idea to be starting new law [...]

[...] ” old line law firms, it was typical for a lawyer to join a firm upon graduation from law school, work hard as an associate for five to seven years and then, in most cases, be admitted to [...]

[...] ” old line law firms, it was typical for a lawyer to join a firm upon graduation from law school, work hard as an associate for five to seven years and then, in most cases, be admitted to [...]

[...] have voting rights on ownership-related matters. Why would a firm have non-equity partners, what are the criteria to attain such partnership and how should non-equity partners be [...]

[...] ‘brain drain’ occurring in every industry due to the retirement of the Baby Boomer generation, we expect this will continue to be an important matter for which firms seek our [...]

[...] In our latest blog, we very briefly characterized the Baby Boomer generation as workaholics.  There are obviously many more values, attitudes, and talents that [...]

[...] , etc. Many smaller firms today have made the business decision to limit the number of equity partners.  Instead, they offer non-equity partnerships to associates that they would like to keep.  [...]

[...] death or retirement.  Today, many firms, even smaller firms, have two tiers of partners:  equity partners and non-equity, income, or contract partners. Equity partnership typically involves capital [...]

[...] firm, and compensation based on a share of the profits.  It usually also involves a financial investment in the capital of the firm.  Non-equity partnership does not, but it usually means [...]

[...] compensation based on a share of the profits. Non-equity partners do not have a financial investment in the firm, aren’t liable for the firm’s debts and do not have voting rights on [...]

[...] of “tried and true” practice/case management software packages are available for small law firms.  They can either be on the “cloud” (a subject for a different day) or installed on [...]

[...] least one, if not the primary focus of 7 of our most recent 20 consulting projects for small law firms.  With the recognized ‘brain drain’ occurring in every industry due to the retirement [...]

[...] profits.  It usually also involves a financial investment in the capital of the firm.  Non-equity partnership does not, but it usually means they get to attend meetings of partners, giving them [...]

In “traditional” old line law firms, it was typical for a lawyer to join a firm upon graduation from law school, work hard as an associate for fiv [...]

[...] in the new firm be listed on the letterhead?  How would that be decided? 9. How would partner compensation be determined in the merged firm?  Is the issue of partner compensation likely to be a [...]

[...] also look at other aspects such as partner and associate productivity and profitability, partner compensation, management and governance, office administration, client development strategies ( [...]