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Click here to view and subscribe to Balanstories, The Balanomics™ Blog (http://blog.balanomics.net)
November 2009: Darragh J. Davis, Deborah Epstein Henry, Rupa G. Singh and Elizabeth B. Daniels, Increase Profits and Savings Through Work/Life Balance, ACC Docket.
July 13, 2009: Balanomics Releases Economic Model Analysis Demonstrating Greater Profitability for Law Firms and Greater Savings for Law Departments by Applying Reducing Hours Rather Than Conducting Layoffs
January 30, 2009 Press Release: Balanomics™ Initiative is Launched and Premised on Economic Value of Creating a Balanced Workplace Culture
Balanomics™ Mission
Whether the economy is strong or weak, the departure of talented attorneys due to reductions in workforce or attrition has severe economic and non-economic consequences for both consumers and providers of legal services. The gravest repercussions include disruption of client relationships, increase in training and replacement costs, erosion of institutional knowledge, loss of investment, delayed resolution of legal matters, decline in productivity, low morale and alienation of future legal talent.
Balanomics™ is premised on the understanding that improving work/life balance for attorneys will minimize the costs and negative consequences that result from loss and lack of productivity of high performers. The Balanomics™ mission is to improve work/life balance, profitability, and productivity in the profession by enhancing the retention, promotion, and professional satisfaction of talented attorneys. The goal is to achieve this by encouraging a work/life culture that emphasizes work quality, flexibility, responsiveness, and accessibility rather than face time.
Balanomics™ is a gender neutral, broad-based call for change in the profession and an effort to integrate work/life balance into the larger diversity discussion since departures are most common among women, and especially women of color. Inspired by the Call to Action initiative, Balanomics™ seeks signatories to endorse work/life balance objectives outlined in “Statements of Support” for law departments, law firms, and professional associations. The objectives provide tools for each of these constituents to improve work/life balance for all attorneys; create accountability; and implement, track, and report on work/life balance programs and culture. It is time that the profession harness work/life balance to maximize the performance of its talent and minimize the financial penalties that result from loss and lack of productivity of seasoned attorneys.
To download the Balanomics™ Mission, click here.
Become a Balanomics™ Signatory
What follows are the signatories who have joined Balanomics™ thus far. This list will be regularly updated as new signatories join. There is no fee or sponsorship required to become a signatory.
To become a Balanomics™ signatory:
Click here to download the Balanomics™ Mission and the Law Departments' Statements of Support.
Click here to download the Balanomics™ Mission and the Law Firms' Statements of Support.
Click here to download the Balanomics™ Mission and the Professional Associations' Statements of Support.
Executed signatory forms can be e-mailed to Law@PETCO.com or faxed to PETCO's Law Department at 858.332.4944.
For questions, contact one of the founding partners whose contact information follows below.
Press
Report Urges Firms to Cut Hours, Pay Instead of Jobs, by Elaine Meyer, Law360 (October 22, 2009).
Will Flextime Set You Up To Be Laid Off?, by Tara Weiss, Forbes.com (July 15, 2009).
Will We Ever Get Tired of Talking about Work/Life Balance?, by Zach Lowe, The AMLaw Daily (July 15, 2009).
What if Firms Thought of Flexible Work Schedules as 'Balanomics'?, by Sarah Randag, ABA Journal (June 9, 2009).
Goodbye Economy, Hello Balance, by Denise Howell, The American Lawyer (June 2009).
Indelicate Balance, by Stephanie Francis Ward, ABA Journal (May 2009).
2009 Balance Symposium: Speakers Share Tips on Finding Balance in Different Legal Careers, describe Balanomics Initiative Promoting Flexibility, by Karie J. Boyd & Jessica Fink, San Diego Lawyers Club News (May 2009).
Balanomics. Local attorneys help design national model for work/life balance, by Doug Sherwin, The Daily Transcript (March 31, 2009).
Work Life Balance Matters - A Lot, by Carol Frohlinger, The Thin Pink Line (March 6, 2009).
Launch of New Balanced Life Initiative -- Ms. JD is One of Initial Signatories, Ms. JD (January 30, 2009).
Balanomics™ Founding Partners
© Copyright 2009, Balanomics™. All rights reserved.
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