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2009.03.30

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Ed Goldner

I could easily live with that type of management. But, how would you figure the individual reward for attys and staff. Some will work like crazy. Some will try to live off of the others' work.

GAL

Ed:

You can't simply plug in hours into a formula and spit it out, that’s for sure. You have to get in, roll your sleeves up and do some dirty work. If you have to figure out what is "value to the firm" and then you have to have discussions with top level partners about who provided those metrics. The beautiful thing is that discussing the concepts of "value to the firm" and extending it beyond the number of hours worked, allows you to drive things such as efficiency, client relations, marketing, client retention, blogging, administration and a host of other things that still need to get done. We actually have our discussions in a group setting so that we are reinforcing, exploring and ensuring that we are driving the various aspects of our firm which we believe lead to success.

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