The Penske File

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CardsofSTL
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Re: The Penske File

Post by CardsofSTL »

heyzeus wrote:
stlouie_lipp wrote:
heyzeus wrote:
stlouie_lipp wrote:Over the last few years it seems like 3 day weekends have become 5 day weekends.
Are you retiring?
Everyone else is apparently.
Nobody at my firm ever retires. It's kind of an issue. We have 3 partners who aged out of the partnership and 2 more who will this year, but they continue on of counsel, just reducing their workload. It means we're reducing our revenues in lockstep with their diminished billable hours.
Tell them to run for Congress.

cardsfantx
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Re: The Penske File

Post by cardsfantx »

or give their email access to roseanne

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lukethedrifter
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Re: The Penske File

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#lawyerworldproblems

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heyzeus
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Re: The Penske File

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It’s a real enough problem when the layoffs come.

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Transmogrified Tiger
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Re: The Penske File

Post by Transmogrified Tiger »

How does that work, is it that there isn't a new partner that backfills the aged out one? Are partners responsible for driving new business(either directly or by virtue of their names attracting folks)?

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heyzeus
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Re: The Penske File

Post by heyzeus »

Transmogrified Tiger wrote:How does that work, is it that there isn't a new partner that backfills the aged out one? Are partners responsible for driving new business(either directly or by virtue of their names attracting folks)?
If the aged out partner doesn't leave, and doesn't transition his or her clients to a younger attorney, and keeps his or her office but only comes in 4 or 3 or 2 days a week, and only bills 1/3 of what they used to (but essentially blocks someone willing to work 100% of the time from utilizing the firm resources, ie, office space and support staff), then there can be no backfilling.

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lukethedrifter
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Re: The Penske File

Post by lukethedrifter »

Is it the lawyer version of picking up a cush consultant job that makes the retirement years filled with fancy vacations and nice cars etc? Otherwise why?

Freed Roger
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Re: The Penske File

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Penske needs some year end planning

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stlouie_lipp
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Re: The Penske File

Post by stlouie_lipp »

Already digging into this file. Was hoping to play some golf this afternoon and tomorrow but mother nature had other plans. Looks like I'll be moving the papers from a single file into an expandable one.

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Re: The Penske File

Post by Freed Roger »

The Penske file is now all digital. I have the Penske spreadsheet all over my computer screens, except the one looking at grilled street corn ideas. Fortunately I have some papers to scatter around the desk to make it real

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