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.
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.
Know Thyself And Thy Clients
Client feedback can be a valuable predictive indicator of the future intentions of a firm’s current client base as well as a method to uncover emerging trends in industries on which the firm is focused…In this month’s Insight, we share some themes from these interviews and the implications for law firms in today’s market.
How To Make Industry Specialization Work
Many firms these days are focused, rightly, on being client facing and on differentiating themselves from competitors.
Successful Innovation
In the first, Making the Business Case for Innovation, we argue that innovation is an imperative that cannot be ignored by law firms.
