A seemingly arcane mathematics, called power laws, will help general counsel and other managers in legal departments understand spending, staffing and other numbers. Power laws explain patterns in many kinds of benchmark and performance data for law departments. They enable you to describe that data accurately and insightfully, and they help you anticipate future events.
Metrics that conform to power laws are all around us as they appear to be a fundamental property of many things. The populations of cities, for example, are distributed according to a power law. There are a few extremely large cities, more average-size cities and very many smaller towns. If you have ever heard people refer to the “long tail,” this is what they are referring to: the familiar spread of lots of very small instances of some things, like sales of books or numbers of DVD rentals.
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