Career Capsules

Law firms’ revenue depends on more than just billable hours—hidden factors like realization rates, client payment struggles, and self-promotion efforts shape actual income. Facts about firm size and scale, lawyers’ side income sources, and global problem resolution data reveal sharply different realities about how firms earn and collect money. Understanding these facts helps new lawyers see where firms truly make or lose revenue and what that means for their careers.

A botched termination can wound the person leaving, spook the team staying, and land your company in court. The steps here cover legal compliance, secure offboarding, airtight documentation, and ending the relationship with genuine care, and they diverge on whether the letter of the law or the human comes first. Build the process that protects everyone in the room.