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.
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.
Using Experience Curves To Gain Competitive Advantage
We sometimes hear firms express surprise that competitors are able to offer similar services at significantly lower prices than they are able to offer.
Outside Directors: A Broader Role
External, independent directors are a prominent aspect of corporate governance.
Combating Origination Competition
Credit for work originated by a partner has become the centerpiece of partner compensation in many firms, in particular but by no means exclusively among US firms.
