Driving Your Car on AutoPilot The best way I can explain AutoPilot is when you drive home. After you leave the office, you are ready to drive home. You get into your car and turn on the ignition. Before you realize it you have arrived home, pulling into your driveway. Yet, you have “no idea” how you made […]
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Top 400 US Law Firms Lose $9.1 Billion Due To Turnover
Compare Costs of Top U.S. Law Firms with NFL The top 400 law firms in the United States lose roughly $9.1 Billion collectively, because of using a broken, antiquated system to recruit, hire and retain their attorneys. To put the $9.1 Billion in perspective, the turnover cost for those 400 firms is more than double […]
Law Firms: Why “No Associate Left Behind” Boosts Profits
Why do law firms spend considerable time and effort to bring in new partners with portable books of business $1MM – $10MM, yet they allow from $12MM to $30MM walk out of the back door due to attrition of associates? Most law firms lose an average of 15% to 20% of associates per year. Let’s […]
Attorneys: Pessimism vs. Optimism – Your Choice – 5 Reasons
Why are some people pessimistic while others are optimistic? A researcher asked this same question. The researcher placed two children, one a pessimist and the other an optimist, alone in separate rooms. He led the glum pessimist to a colorful room full of all kinds of imaginative toys. Then he took the smiling optimist to […]
Law Firms Make a Super Bowl Type of Gamble that Costs $12MM
Law firms gamble and expect to lose large sums of money every day. Some firms lose more than $12 millions dollars each year. It is all part of the game. Law firms place bets on their human capital, their Associates. During the excitement before the Super Bowl where fans wager large sums of money. This […]
Attorneys: 4 Ways to Remove Anger and Frustration From Your Law Practice
Many attorneys attack impossible situations like a battering ram. In ancient history, warriors used a machine that consisted of a heavy beam with an iron tip, which swung back and forth battering down walls. Today firefighters or police use battering rams, which is a heavy metal bar, to break down walls and doors. While lawyers […]