Is your staff saying they are too busy, have too much on their plate, can’t possibly handle another responsibility? Well, before you rush to hire a new staff person, you may want to look at your current employees’ productivity and its impact on your revenue. One benchmark we analyze on financial review calls and strategic planning calls with Members is revenue per person on the payroll. We look for a minimum of $130,000 per person annually – this includes everyone from the receptionist to the … [Read more...] about How Productive is Your Staff? Is it Time to Hire or Time to Fire?
Law Firm Staffing
It looks like the recession is continuing to hit law firms - especially the big ones - hard. According to California Lawyer, in 2009, the number of associates at the top 250 firms in the U.S. declined by 8.7 %, while the number of lawyers overall shrank by 4%. The latest report from the Bureau of Labor Statistics says that the legal sector as a whole lost 3,900 during the month of June, and it’s lost over 22,000 jobs since this time last year. The large firms have cited reasons like lack of … [Read more...] about Shrinking Law Firms: Avoiding the Trend