The Law Firm Disrupted: 'Pathologically Present-Focused' Law Firms. And Chipotle.
How can law firms change their governance or financial structure to incentivize more long-term thinking? A popular fast-casual restaurant chain could provide an important example.
July 12, 2018 at 09:00 PM
2 minute read
In today's Law Firm Disrupted, we look at how today's law firm equity structure incentivizes short-term thinking. And what law firms could learn from Chipotle about changing their ways. I'm Roy Strom, the author of this weekly briefing on the business of law firms. Do me a favor and send me an email about why you read this column: [email protected]. Full disclosure: It will help me craft better columns, and it may also be used anonymously (or attributed, if you wish!) in an advertisement for this briefing.
➤➤ Would you like to receive The Law Firm Disrupted as an email? Sign up here. Or subscribe to our new RSS feed.
question we discussed Why Law Firms Collapse how stop sold its future parking meter revenue recoup their money by 2021 New York Times story “an outdated, antiquated structure. It's not a common or preferred corporate governance practice.” “It's a reckless pay structure that does nothing to appropriately incentivize management to create long-term value,” the Times reported ousted as CEO former CEO of Taco Bell tainted food problems investor ownership is possible. I think the law ought to be amended to permit it
|
Roy's Reading Corner
On the Wave of the Present: Avvo Legal Services is going belly-up who once said this On Price-Blindness: night-blindness in this article On Lawyer Discipline: I said earlier The Cost to Law Firms of Ignoring Harmful Workplace Behavior a survey of workplace behavior
That's it for this week! Thanks again for reading, and please feel free to reach out to me at [email protected] Sign up here to receive The Law Firm Disrupted as a weekly email.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
The Law Firm Disrupted: Big Law Profits Vs. Political Values
The Law Firm Disrupted: Quality Partner Training—The Exception or the Rule?
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
