About Us
Fairfax is a specialist firm of highly experienced consultants focused on serving our clients in the niche of professional services, and in particular, law firms. Our focus is built on a deep understanding of the strategy, organization, and motivation of professionals.
Fairfax assists firms in achieving their partners’ aspirations, defining and executing strategy, and making real improvements in performance.
We understand the balance between the benefits of managerial control and the desire of individual partners and professionals for influence and autonomy.
Our Approach
We believe that effective professional services management requires building consensus, and that this consensus is best achieved when decisions are based on objective, thoughtful, and clearly communicated analysis. Partners must perceive that management decision-making is rigorous—to recognize that the same high standards apply to the management and direction of their firm as to their work for clients.
Our experience also tells us that professionals respond better when helped to identify what they could do rather than being told what they should do. We apply the depth of our experience to advise, to structure the process, and to provide expert opinion. We do not seek to impose a particular view of the world.
Our clients tell us that they wish to build a competitive advantage through developing innovative approaches to meeting their clients’ needs. We work with them to understand, and to anticipate, their clients’ changing needs, and to improve continuously their current practice.
We know that senior management is often under pressure from their partnership to get things done. We understand that it takes hard work to close the gap between declared ambition and achieved position and that it is our responsibility to support this process and to do our best to help management identify, and then execute, the practical steps necessary to develop their practice.
The strategic nature of our advice dictates absolute discretion. We consider everything that passes between us and our clients to be confidential.
News & Articles
How to Merge: Lessons from 20 Years of Law Firm Mergers
The Cost of Making Partner and How Senior Associates Should Prepare
Merging Law Firms: Why Deals Fail Or Underperform
Law Firm Merger and Lateral Activity Starts 2016 With a Bang
Is Law Firm M&A Really On the Up? — Let’s Look Closer at the Numbers
The Largest Law Firm Mergers of 2015
Porters Five Forces – Threat of Substitutes
Buyer Power is Here to Stay
Speaking Engagements
Business of Law Course: Partner Compensation
Yale Law School, New Haven, October 2024
Business of Law Forum: Law Firm Mergers
Fordham University School of Law, New York City, May 2024
Partner Compensation: Recent Developments and Best Practices
US Law Firm Group Managing Partners Conference, Palm Beach, March 2024
Books
How to Merge: Lessons from 20 Years of Law Firm Mergers
By Lisa Smith, Published in “Law Firm Strategies for the 21st Century” Globe Law and Business, 2013 Press Releases Fairfax In the Press Speaking Engagements Seminars & WorkshopsFairfax AssociatesFairfax Associates brings together the skills of highly experienced...
Law Firm Mergers: Taking a Strategic Approach
By Giles Rubens, PalGrave Macmilan, 2005 This book provides the reader with an explanation of the market forces driving increased competition in the legal profession that has raised the overall interest in mergers and often precipitated law firm mergers. At the same...
Anatomy of a Law Firm Merger
By Lisa Smith and William Johnston, American Bar Association, 2004 I’ve been exploring the relevance of Porter’s Five Forces in recent blog posts. One of those forces – Threat of Substitutes – has the potential to be a disruptor for the legal industry. While...