Law Firms' Stinginess With Equity Can Handicap Their Tech Subsidiaries

Firms serious about luring top talent to their technology subsidiaries may have to break with a longstanding tradition of reserving equity for partners—and let their subsidiaries have their own culture. Try as they may to be innovative, law firms are nevertheless associated with an abiding and often restrictive sense of tradition that can make it cumbersome—if not altogether prohibitive—to explore new service delivery models. Allegiance to the billable hour, for example, has often tripped up progress on alternative fee arrangements. Now the question of equity might be doing the same for hiring inside firm tech subsidiaries.

TRU founder and CEO Jared Coseglia provided his deep insight to Frank Ready for this article—read it in full HERE!