Crisp’s Post

Law firms around the country are facing a talent crisis, but Crisp Coach members are bucking the trend. Our members not only attract and retain exceptional team members but also witness consistent value delivery. With our support, firm owners reclaim their time to focus ON their businesses, not just in them. Ready to regain control? Learn how here: https://bit.ly/43TeFmd

Work with experts. Learn from experts. That’s how the best law firms go from simply getting by to absolutely dominating their market. The truth is, there’s a gap between where you are now and where you want to be — and the only way to bridge that gap is by tapping into the knowledge and experience of those who’ve already been there. You don’t have to reinvent the wheel. Instead, align yourself with the people who know how to drive growth, build winning strategies, and achieve results. Surround yourself with the right experts, and success becomes inevitable. If you're ready to elevate your firm, it’s time to take action. #Crisp #MichaelMogill

We invite you to explore the White & Case LLP 2023 Annual Review and discover how we continue to deliver exceptional results for our clients in an ever-evolving word. Highlights include key trends & developments in the legal landscape, notable deals & cases, insights into industry-specific challenges and much more!

In times of economic turbulence, firm owners must navigate the critical decision of adopting either a proactive or reactive approach to practice management. Here, Lauren Cassimatis provides valuable insights into this debate by drawing from her own experience. https://bit.ly/4dfSgTX

In times of economic turbulence, firm owners must navigate the critical decision of adopting either a proactive or reactive approach to practice management. Here, Lauren Cassimatis provides valuable insights into this debate by drawing from her own experience. https://bit.ly/4dfSgTX

𝙏𝙬𝙤 𝙞𝙢𝙥𝙧𝙚𝙨𝙨𝙞𝙫𝙚 𝙝𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨 𝙟𝙪𝙢𝙥 𝙤𝙪𝙩 𝙤𝙣 𝙩𝙤𝙙𝙖𝙮'𝙨 Law.com International'𝙨 𝙙𝙖𝙞𝙡𝙮 𝙣𝙚𝙬𝙨: 1. Paul, Weiss, Rifkind, Wharton & Garrison LLP, 𝗦𝗲𝗲𝗶𝗻𝗴 𝗥𝗲𝗰𝗼𝗿𝗱 𝗬𝗲𝗮𝗿 𝗶𝗻 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝗻𝗱 𝗣𝗿𝗼𝗳𝗶𝘁𝘀, 𝗣𝗹𝗮𝗻𝘀 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻, 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗖𝗵𝗮𝗻𝗴𝗲𝘀. Revenue climbed 10.9% to $2 billion, a firm high. Profits crossed the $6.5 million mark in profits per equity partner for the first time, also a firm record. Partner compensation moves to a black box system. 2. White & Case LLP Reverses Revenue and Profit Slides, 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝟮𝟬𝟮𝟯 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝗻𝗱 𝗣𝗿𝗼𝗳𝗶𝘁𝘀. Outsized growth in its restructuring and project development practices, contributed to a 4% growth in gross revenue, which rose to $2.95 billion. Average profits per equity partner rose 12.6% to $3.154 million in 2023, and its net income for all equity partners increased 9% to $1.19 billion. Read more in the link below.

"While firms often believe they’re doing everything they can to ensure their lateral partners’ success, I observe that the two to three years in which it takes most firms to write off new laterals as “underperforming” is the same two to three years in which laterals fester with concerns that they are (rationally) afraid to voice." 🔗 Read more: https://lnkd.in/gBSinnDN #firmpartner #lateralmove #lateralhire #equitypartner #lawfirm #legaladvice #legalfirm #firm #advice

Charting Success: A Selective Path to Law Firm Excellence A defining success in my business has been the deliberate choice to work exclusively with law firm owners who are not just running their firms but are actively seeking to elevate them 🌟 This approach has allowed me to engage with clients who are truly passionate about growth, change and making a meaningful impact in their field. What’s the result? Steady, transformative progress. It’s about small, practical steps that, when looked back upon, mark a significant transition. From optimising day-to-day operations to implementing smart financial strategies, these changes accumulate, leading firms from traditional paths to becoming dynamic, adaptable practices. We're not just growing; we're evolving in how we do business and serve clients 📈 Do you see similar potential for growth in your firm? 💡 Are you prepared to make those small yet ambitious steps towards significant change? Share your thoughts or get in touch to discuss how we can unlock your firm's full potential 🔓. #LawFirmTransformation #StrategicGrowth #LegalInnovation #BusinessSuccess #LawFirmEdge

Good read in this article that Bo Yancey highlights. His insight is spot on that the fact a law firm is a business should NOT be shocking to firm's Partners! This should be self-evident. Also, the article quotes the insightful Kent Zimmermann “Firms that don’t address chronic under-performers—that actually can sometimes cause high performers to leave.” High performers not only want to be rewarded for their excellent work but they also do not like to stay in firms that tolerate and sometimes even highly compensate underperformers.

Am Law 200's Financial Triumphs: 2023's Standout Performers 2023 was a year of significant financial achievements for select Am Law 200 firms. Steptoe LLP reported a 13.4% revenue growth, while Vinson & Elkins's strategic focus propelled it past the $1 billion revenue mark. Jenner & Block saw an impressive near 18% increase in PEP, showcasing the firm's ambitious growth strategy. Hogan Lovells and Arnold & Porter also celebrated record-breaking years, with substantial revenue and PEP increases highlighting their market dominance. These milestones not only signify robust growth but also set a benchmark for success within the legal sector. Does your firm's financial performance align with these leaders? If you're pondering whether your current platform supports your highest aspirations, it might be time to explore new horizons. Are you positioned with a firm that mirrors the ambition and growth of 2023's top performers? If you're questioning whether there's a better opportunity to match your career goals and financial expectations, let's talk. Connect with me, Susan G. Agopian at sagopian@laterallink.com. #AmLaw200 #CareerGrowth #FinancialExcellence