Insights
The Insights series draws upon our collective consulting experience to address topics that we consider of current interest to the senior management of law firms.
Flat is the New Down: Combating the Risk of Profit Stagnation
Further advances in profitability and partner pay will require firms to 1) more broadly implement client and matter profitability as performance management and compensation tools and 2) harness a broader range of profit levers.
Partner Bonuses: Benefits and Pitfalls
Bonuses are a powerful tool for attracting and retaining top partner talent, but they must align with firm priorities
Emerging Data, Technology & Financial Requirements for Today’s Law Firm Leaders
As the legal industry becomes increasingly dynamic and competitive, law firm leaders face unprecedented challenges—and opportunities.
When is the Right Time to Consider Merger?
High quality small and midsize firms in key markets are regularly approached regarding combinations with other firms – by both larger and similarly-sized firms. When times are good, these firms are generally not interested in pursuing a discussion. When times get tough, they are more receptive to merger as a solution, but can find that either potential partners are no longer interested, or their negotiating position is substantially weakened.
Preventing a Revolving Partner Door: Building Ties that Bind
How law firms can retain partners and build firm interconnectedness
Evolving Approaches to Partner Compensation
How law firms are evolving their approach to partner compensation to spur growth and retain talent.
Partner Feedback: How to Maximize Your Firm’s Greatest Asset
Firms that fail to provide meaningful feedback to partners miss a valuable opportunity to enhance firm performance.
Strategic Priorities for 2024
Each year, we look ahead and identify the key strategic and management issues that we believe will need to be top of mind for law firm leaders during the coming year.
