Many firms these days are focused, rightly, on being client facing and on differentiating themselves from competitors.
In the first, Making the Business Case for Innovation, we argue that innovation is an imperative that cannot be ignored by law firms.
Law firms today are under pressure to grow and evolve, through mergers, organic growth, and in response to client demands.
Certainly over recent years there has been a strong focus in all types of organizations, law firms included, in developing and then harnessing the power of a shared purpose.
The following Insight captures the thinking of Fairfax consultants Lisa Smith and Kristin Stark during a panel discussion about partner compensation in the context of merger discussions.