(Credit: Dragon Claws/Adobe Stock) Underperforming Partners Hurt Law Firm Profits, Survey Finds
Two in three firms are planning to act on partner underperformance in the next couple years, per Edge International's recent survey on partner performance management.
July 03, 2024 at 12:12 PM
3 minute read
What You Need to Know
- Nearly 60% of managing partners, CEOs and other firm leaders surveyed by Edge International said they believed underperforming partners were hurting their firms' bottom lines.
- Roughly two-thirds of firm leaders plan to take action on underperforming partners in the next two years.
- Financial and client development metrics trumped technical skills and people management in a ranking of firms' most important measures of partner performance.
Addressing underperforming partners is on the to-do list for many law firm leaders in the U.S. and abroad, according to a new survey on partner performance management.
Roughly two-thirds of firm leaders that participated indicated they intend to act on partner underperformance in the next two years, according to law firm consultancy Edge International's survey of 100 law firm managing partners, CEOs and other leaders in the U.S., the U.K., Australia, Europe and elsewhere.
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