19. Future Proofing: Talent Is a Long-Term Sustainable Proposition
Stocking up and down on talent isn't good business and it's not real Future Proofing. People aren't printer cartridges which can be acquired as needed. Remember, law is a service business and talent is everything.
September 16, 2022 at 08:42 AM
2 minute read
The original version of this story was published on Lean Adviser
The previous lesson started this mini-series on Future Proofing by stressing that law is a people business. This lesson takes a closer look at the people, in particular law firm talent.
During the recent talent wars, many law firms loaded up with associates, in the belief they were Future Proofing their business to meet demand. Now, many of the same firms have taken steps to manage their attorney ranks. Again, they might argue, this kind of "capacity management" or "rightsizing" is Future Proofing their business. Dress it how you will, this means shedding talent.
Truth be told, stocking up and down on talent isn't good business and it's not real Future Proofing. People aren't printer cartridges which can be acquired as needed. Remember, law is a service business and talent is everything.
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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.
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