Perhaps I have been spending way too much time studying corporate finance in school the past month, but the topic that has remained in the back of my mind is whether our jobs, as staff in a law firm, is to maximize the long-term value of our partners. The longer that I have considered the question, the more that I fundamentally believe that it is. Granted, we are not corporations (yet), so we don't have a legal duty to our shareholders (equity partners), but does it really change our obligation as employees of our firm owners?
What does this mean though? As a pricing person, I think it means that my department needs to measure its impact, not only to ...