Monday, March 17, 2008

Yes, we have no associates...

This Canadian law firm has just shareholders and consultants. Like real estate agents, the consultants rent desk space and negotiate a percentage split of their fees with the firm.

I actually love this concept and want to find out more. There are plenty of young and older practitioners who want a stable environment without the pressure of having to bill 2,000+ hours. Now partners will lose some of the leverage-making profits, but that does not bother me. It also eliminates much of the BS that you see with some firms. But this is pure eat what you kill -- almost Glengarry Glen Ross so -- and that means you have to find work from people or find clients or both. Probably not for the faint hearted, but also possibly an alternative to hanging your own shingle after law school for some.

(Courtesy of the ABA Journal.)