In the news: "As legal work recedes amid an ailing economy, some firms are finding that they have far too many lawyers in nonequity limbo, making them rethink their business model. K&L Gates Chairman Peter Kalis says he is "very" comfortable with his firm's business structure, which he likens to a diamond with the nonequity partners comprising the widest portion. But one firm's diamond may be another's detritus. Consultant Ed Wesemann says many law firms are laboring with "a big inner tube around the middle."
Source: Law.Com's Daily Legal Newswire. 18 December 2008. Copyright 2008. ALM Properties, Inc. All rights reserved. Subscribe <http://store.law.com/registration/register.asp?subscribeto=nw>.
