Moneyball is a book by author Michael Lewis
In reference to the Oakland Athletics baseball team and its general manager Billy Beane.
Its focus is the team’s analytical, evidence-based, sabermetric approach to building a successful baseball team, despite severe financial disparity.
The book’s principle really had me thinking over the weekend- who is pound for pound, the most efficient UK Law firm in terms of its recruitment applying Moneyball theory?
For those of you do not understand the principles of the term “Moneyball”, I shall briefly explain. The foundation of the Moneyball theory is that the collective wisdom of baseball insiders (including players, managers, coaches, scouts, and the front office) is subjective and often flawed.
It supports the notion that objective evidence is far more accurate. In baseball it suggests historic statistics such as stolen bases, runs batted in and batting average are much more accurate in identifying future performance. The book argues that the Oakland A’s’ front office took advantage of more analytical gauges of player performance to create a team that could better compete against richer competitors in Major League Baseball (MLB).
In reference to the UK legal sector I observe many firms who still recruit fairly subjectively, although I believe this is steadily changing. I often hear firms disregarding strong candidates on the basis that they are currently working for an inferior brand. I think we can sometimes become a little too obsessed with the belief that someone will be a good fit purely because they worked at a firm of a similar echelon. These firms are hardly applying the principles of Moneyball!
At this point it’s over to you- who do you think is the pound for pound strongest law firm? I would be certainly interested in hearing your opinions.