New Fee Structure For Law Firms - Forbes.com

New Fee Structure For Law Firms - Forbes.com: "unlike a corporation with professional managers, a law firm's shareholders--its partners--are also expected to run the business day to day. 'Therefore, they have great difficulty letting go and allowing other people to take on responsibility for finance or strategy or human relations.' In many firms, he notes, the highest fee-producing lawyer is viewed as a good lawyer and is automatically chosen to run the practice group, whether or not he or she is an effective manager."