All firms have underperforming practice groups from time to time.
While most law firms have emphasized teamwork as a core value for many years, we see a renewed interest from firms in prioritizing collaboration.
Over a decade ago, corporate and law firm strategists developed 5 and even 10 year strategic plans. Yet years of disruptive change have rendered stagnant 5-10 year plans ineffectual.
We sometimes hear firms express surprise that competitors are able to offer similar services at significantly lower prices than they are able to offer.
External, independent directors are a prominent aspect of corporate governance.