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Adorno & Yoss Trumpets Diversity but Loses Practice Groups in the Process
Rapidly boosting its headcount from 150 lawyers to about 270, Florida-based Adorno & Yoss has become the largest minority-owned firm in the United States. But the expansion has brought growing pains, resulting in the defection of at least 16 lawyers and two practice groups so far this year. Some say the firm focuses outward too much, neglecting practice groups and morale while wooing corporate clients. Top managers, meanwhile, say the changes are part of the normal restructuring of a growing firm.The Scramble for a Piece of the New Economy
If some professional services firms seem more like venture capitalists these days, there's good reason. Dazzled by the rapid rise of the high-tech economy, firms are in hot pursuit of business from Internet companies. To get that business, lawyers and other professionals are pouring time, effort and sometimes even their own money into online startups in search of a lucrative new source of professional fees and, perhaps, of latching on to the next skyrocketing IPO or billion-dollar buyout.In Face of Economic Crisis, Clients Range From Panicky to Opportunistic
With the stock markets falling and credit markets tightening, law firms across the United States are dealing with panicky clients and scrambling to form new practice groups focused on the economic crisis.Trending Stories
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