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Easy for the combined firm’s “per lawyer” and “per partner” numbers to be higher than the legacy firms’ when there’s an open escape hatch that folks are jumping (or being kicked) out of. That’s just simple arithmetic. But yeah let the spin doctoring continue.
Coach
Combined revenue was only up 5%. That is bad in a year when many firms were able to pass through rate increases in excess of 5%.
And I believe McD bragged about 9% increases…
Shocker another law firm merger failing quietly but being touted as a success. FYI to senior management, this is arguably the dumbest thing you can do. All the hypothetical benefits are if the 10% attrition assumption is your bottom 10% of performers and that your clients don’t all jump ship and have 0 conflict issues.