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.
Getting More From Mergers
Unquestionably there are successful law firm mergers, some hugely so – perhaps most notably the strategically sound international ones that have created the grouping of highly profitable leading global firms that are increasingly winning a larger share of the highest value work.
Time For Law Firms To Learn From Millennials
Differences between generations are an age-old problem, and certainly one that law firms have struggled with for decades.
Managing Shrinkage
When we think about the forces reshaping the legal industry, we focus primarily on forces such as the impact of changing client demand trends and innovation in legal service delivery.
Partner Compensation: Process Can Be As Important As Results
Compensation takes on an outsized meaning in law firms, in part because it is often the only meaningful feedback that equity partners receive from the firm about their performance and status in the firm.
Closing The Gender Pay Gap
Much has been written in recent weeks on the gender pay gap in law firm partnerships.
Reinvigorating Underperforming Practice Groups
All firms have underperforming practice groups from time to time.
Encouraging Collaboration Through Partner Compensation
While most law firms have emphasized teamwork as a core value for many years, we see a renewed interest from firms in prioritizing collaboration.
Increasing Competitiveness Through Adaptive Strategy
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.
