Tagged: law firms
Tearing Down Re-Building
The other day I got a ping on my phone from that it has now been 11 years since any Detroit major league sports team had won a championship. There are several reasons for a team’s inability to win the big prize: bad luck, better opponents and, ah, yes…they’re re-building.
What does that mean exactly? The prevailing definition is the team must suffer some fallow years while young, inexperienced players learn the ropes, gain some seasoning and maybe one day will develop into key elements of a championship team.
What does it really mean? It means your team will suck for an extended period of time because the owners of the team offloaded talented, but high-priced players to avoid busting through the salary cap or simply to save some dough, leaving less expensive over-the-hill scrubs or not ready for the show minor leaguers filling out the roster. Then management crosses their fingers hoping a couple of those kids can quickly morph from newbie to MVP just long enough to win it all. Then it starts all over again. The kids become talented men who know how to play, want either want bigger contracts or test the free agent waters for even more money, so the owners dump ‘em and it’s time to, uh, re-build again.
All this time the tone-deaf owners expect us to pay inflated, major league prices to attend minor-league level games and then wonder why the stands are so empty the vendors can be seen huddling in corners mumbling to themselves, “what am I gonna do with all these goddam hot dogs?” Easy. Beg the owners to stage more “Bark in the Park” nights when hungry bowsers will gladly relieve them of their unsold sausages.
Bottom line is, they’re not doing it right. The whole idea of the minor league system is to constantly develop younger talent that is ready for the big time as the veterans begin to falter or retire. Other positions are filled in through savvy trades and sensible free agent signings. The whole process should be a gradual and constant but that’s not what’s happening.
I often wondered what would happen if other businesses were run this way. Say..in a law firm. A successful firm is stacked with highly skilled, highly paid attorneys who are winning criminal cases and multi-million dollar judgements. The place is flush. The partners are rolling in it. All is good. But at some point the partners realize they could be keeping more money by off-loading their highest paid lawyers and replace them with green rookies straight out of law school. So they pull the trigger. All in the name of, uh, rebuilding! Uh oh. Now the firm is losing cases left and right and their biggest clients have abandoned them. The partners are forced to sell their summer and winter homes, yachts and Bentleys. Despite this precipitous drop in performance, the firm seeks new clients at the hourly rate previously charged when they were flush with experienced barristers…but there are few takers. The firm’s shingle is dangling by a thread. Now..if only they had brought along young, promising rainmakers all along who could gain experience and skill so they were ready when the older attorneys retired or moved on, they’d still be raking in the fees and no vacation homes or ridiculous luxury items would be sacrificed.
It seems like such a simple and logical way of doing things. If you keep the pipeline filled with a constant flow of developing talent, you’ll never have to re-build..because all along you’ve been building.