Profits-Per-Partner Metric Outdated: Experts

By Julie Zeveloff

Law360, New York (March 25, 2010, 12:50 PM ET) -- As law firm business models morph to meet changing client demands, profits per partner — that golden standard of law firm performance — will give way to a more sophisticated and business-oriented set of metrics, according to experts in the field.

Despite its cachet, profits per partner has never been a perfect metric, say industry insiders. And the recent shakeup in the legal industry has made it increasingly irrelevant in favor of metrics that either take into consideration all of a firm's lawyers or evaluate efficiency....
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