"Widespread overcapacity" is hindering profitability at more than two-thirds of large firms, according to new survey by Altman Weil that cites underworked nonequity partners as a big part of the problem.
May 18, 2016 at 06:24 PM
1 minute read
The original version of this story was published on Law.Com
Should law firm leaders be firing more lawyers? That seems to be the takeaway of a report released Wednesday by the legal consultancy Altman Weil.
Nearly 60 percent of the 356 law firm leaders surveyed for the report said that overcapacity is hurting their firm’s profitability. The problem is more pronounced among firms with 250 lawyers or more, with 75.6 percent of them citing overcapacity as a drag on profits, the report said.
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