Profits-Per-Partner Metric Outdated: Experts

Law360, New York (March 25, 2010, 12:50 PM EDT) -- 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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.