July 22, 2002 | New Jersey Law Journal
Partnering Requires Careful BalancingLaw partnerships are fragile, volatile enterprises that can easily become unglued, regardless of how careful the partners were at the outset or how financially successful they become.
By Joel A. Rose
8 minute read
August 03, 2011 | The Legal Intelligencer
Motivating Lawyers to Stay With Your Law FirmManaging partners in today's first-generation law firms are increasingly aware of the need for an effective method of motivating their lawyers.
By Joel A. Rose
9 minute read
December 10, 2007 | The Legal Intelligencer
Seeing Into the (Near) FutureThis is the time of year managing partners, financial partners, executive committees and administrators should evaluate the 2007 year-end results and make (or implement) plans to ensure that 2008 will be successful.
By Joel A. Rose
11 minute read
June 13, 2007 | Law.com
Profitable Firm Growth Requires Some Advance PlanningThe advantages of group practice have contributed to the increase in numbers and sheer size of law firms. Without regard to the actual size of the firm, any level of growth poses inherent problems involving the management of the individual lawyers, facilities and resources. Consultant Joel Rose says once two groups of lawyers join forces, good management practices cannot be achieved unless the privileges, obligations and responsibilities of all the firm's members are established and agreed upon.
By Joel A. Rose
8 minute read
November 29, 2006 | The Legal Intelligencer
Some Criteria to Guide Law Firms On the Making of a PartnerPartners and associates alike should understand what criteria will be considered at partnership selection time. Quality performance is no longer the single most important issue in deciding whether to promote associates to partner status.
By Joel A. Rose
8 minute read
October 06, 2011 | The Legal Intelligencer
A Four-Phase Formula for Strategic PlanningOver the past decade, significant changes have occurred within the legal profession that have required law firms to do long-range planning. The market for legal services has become, and will continue to be, more competitive. Mergers and acquisitions have reduced the number of "blue chip" clients available to be served by law firms. Overly aggressive and poorly managed corporate clients have experienced financial distress, others have joined with larger and better managed organizations and many have gone out of business.
By Joel A. Rose
8 minute read
August 23, 2002 | The Legal Intelligencer
Evaluation and Compensation of PartnersThe decision as to who gets what is probably the most crucial decision made in a firm today. Dissatisfaction with the decision-making process and result may be the single greatest factor in the decision of a lawyer to leave his or her firm. Failure to appreciate the process is responsible for a major part of this dissatisfaction. Further, goals, objectives and perhaps culture, as described in this article, change so that a firm may ultimately become something different than that which a lawyer originally jo
By Joel A. Rose
8 minute read
July 06, 2006 | The Legal Intelligencer
Creative Strategies for Coping With Higher Associate CompensationThe associate cash compensation package is comprised of four basic components: a base salary (structured to class standing in the larger law firms); a bonus payment structured on one or more of the following: legal merit, contributions to firm profitability, firm economics and the origination of business; a profit-sharing plan based upon the firm's success; and a reasonably comprehensive benefits program.
By Joel A. Rose
8 minute read
April 07, 2011 | New Jersey Law Journal
Strategic Planning Plays a Role in Firm ProsperityTips to help law firms plan for the future to ensure their success
By Joel A. Rose
6 minute read
November 04, 2009 | The Recorder
Changing CourseAs firms face shrinking profits and personnel cuts, it may be time to rethink the traditional partnership track.
By Joel A. Rose
10 minute read
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