Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

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Analysis on the Changes in the Operation of Law Firms

Authors
Xiying Hu1, *
1Canada Queens School, Shanghai, 20000, China
*Corresponding author. Email: 2171511681@qq.com
Corresponding Author
Xiying Hu
Available Online 29 March 2023.
DOI
10.2991/978-94-6463-124-1_29How to use a DOI?
Keywords
Renovation of company system; Law office; Partnership-based company
Abstract

Considering the current development of China’s law firm industry, some enterprises are not satisfied with the original traditional operation mode and intend to improve profits through changes and innovation. This paper analyzes the difference between the two management modes (Lock Step and Eat What You Kill) and identifies their benefits and drawbacks to the average earnings and career prospects of lawyers and law offices. Based on the experimentation done by the senior partner Chu Wang from ZhenHan law office which belongs to the first group of law firms that try to run the “complete company model”, the author compares the annual income and the overall operational efficiency of the two most typical law firms which run exactly different inoperative systems. Also, the rising rate before and after a law firm changes its business strategies will be another important piece of evidence to prove the theory. The data used in this paper is mainly collected from ZhenHan law office and JunHe law office. Through data analysis, it is found that the “Lock Step” management mode is more beneficial to holistic and long-term development, while the traditional “Eat What You Kill” management mode is easier and clearer for lawyers to see their personal income, and is more beneficial to experienced lawyers who own a huge amount of cases.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 March 2023
ISBN
10.2991/978-94-6463-124-1_29
ISSN
2352-5428
DOI
10.2991/978-94-6463-124-1_29How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiying Hu
PY  - 2023
DA  - 2023/03/29
TI  - Analysis on the Changes in the Operation of Law Firms
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 239
EP  - 244
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_29
DO  - 10.2991/978-94-6463-124-1_29
ID  - Hu2023
ER  -