May 10, 2007 |
Posted By Patrick J. Lamb |
0 Comments |
The Problem With Surveys
So I am flying to Houston, quietly reading the April/May issue of Law Practice magazine (see my next post). I stop at 'FrontLines" to examine their survey. The question--How do law firms arrive at their partner compensation decisions?--is pulled from an Altman Weil survey. I just started laughing. On a 4 point scale, with 1 being no importance and 4 being very important, personal fees collected and business origination (new clients) get the top marks of 2.5 each, with business origination (increase in volume) and business origination (new business/existing clients) arriving just behind at 2.25 (2 is of little importance and 3 is somewhat important). Years in practice is ranked less than 1. Hours recorded (apparently distinguished from hours actually worked) receives a rank of less than 2--less than "little importance." Yeah, right.
Judging from the survey, there are no factors that are very important or even somewhat important. Strikes me that the survey respondents were delusional.
Judging from the survey, there are no factors that are very important or even somewhat important. Strikes me that the survey respondents were delusional.
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