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Closed Compensation: The Secret to Jones Day's Success?
There's a lot of things Jones Day doesn't do. It doesn't tell its partners what other partners make, it doesn't issue profit figures, it doesn't pay bonuses, it doesn't let partners vote on who will head the firm, it hasn't conducted mass layoffs and it doesn't pay associates in lockstep. One thing it is doing is growing, quickly. While some out-of-town firms have struggled to gain a foothold in the Bay Area, Jones Day has grown from a couple of dozen lawyers there in 2003 to 137 today.Lessons From a Large-Firm Partner Who Set Up His Own Shop
Many partners in large firms dream of chucking it all and setting up their own practice. However, many also fear that they need their firm's name recognition and resources. Mark Zimmett took the plunge more than 15 years ago, leaving Shearman & Sterling to hang his own shingle in New York. And he's lived to tell his tale. Zimmett says that with today's advances in legal technology and his donning of many hats, his four-attorney firm is able to take on the cases many associate with big firms.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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The Benefits of Outsourcing Beneficial Ownership Information Filing
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The Top 10 AI Use Cases in Private Equity
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