Savvy Lawyers Value Their Human Capital by Victoria Pynchon and Gini Nelson at The Complete Lawyer.

These are hard times and none of us is immune. I’ve been here before. In the early 1990s, my law firm announced we would ride out the economic crisis by henceforth buying legal pads without our firm name embossed on the binding. Layoffs of partners, associates and staff quickly followed. Some caught life rafts to other law firms; some were not so lucky. Those who stepped on others going up the compensation ladder were not treated well on their way back down. The water was cold and filled with sharks.

Read full article here.

Other great articles in this month's issue of The Complete Lawyer:

How Will You Thrive in an Uncertain Economy by by Sandee Magliozzi and Susan Beneville

Solos Have Unique Advantages During Harsh Economic Times by the indefigitable Susan Cartier Liebel

Your Firm's Future is Tied to Your Referral Sources by Shawn McNalis

. . . and much much more!

While you're on the topic, read The Top Five Reasons Why Clients Leave and How You Can Prevent It by Jeffrey Miller and Jill Kohn.