Hildebrandt

Biglaw: Welcome to the New Normal

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The grass isn’t quite this green in the ‘new normal.’

In a piece from last month, New York Times columnist Paul Krugman wondered: Is Growth Over? One could very easily take this question, posed with respect to the broader economy, and apply it to the world of large law firms.

And what would the answer be? According to a client advisory just issued by Citi Private Bank and Hildebrandt Consulting, “Probably.”

Their analysis is gloomy, although guardedly so; we’re not talking about “the sky is falling” pronouncements. Let’s take a look at the specifics….

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  • 07 Dec 2010 at 10:06 AM
  • Biglaw

Stress Is What Makes Lawyers Act Like Lawyers

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According to Hildebrandt, lawyers aren’t naturally overly critical, risk-averse people who are emotionally dead inside. It’s stress that makes lawyers behave this way.

Those are the top-line results of a Hildebrandt study. The consulting firm did personality tests on 1,800 lawyers from four large law firms. The surveys tested both partners and associates, in attempt to find the traits of “high performers.”

The results shouldn’t surprise anybody….

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Consultant Says 17,500 Non-Partner Biglaw Jobs ‘At Risk’

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I like paying attention to what consultants say about the Biglaw market. It offers a fun little insight into what people think partners want to hear.

The ABA Journal reports that consultants at Hildebrandt think partners want to hear that they can still fire people — lots of people:

Writing for the blog of law firm consultant Hildebrandt, Lisa Smith makes an argument that outsourcing, efficiencies and increased hiring of staff attorneys could mean a different mix of staff and associate lawyers—and an overall reduction in head count in the next five to seven years.

Hilderbrandt expects an overall reduction of headcount of 17,500. But not partners! Just associates and staff attorneys…

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