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.
Balancing Effective Governance And Partnership
Law firms today are under pressure to grow and evolve, through mergers, organic growth, and in response to client demands.
Cultivating Loyalty
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.
Mergers: Evaluating And Aligning Partner Compensation Approaches
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.
A Return To Equity Partnerships?
The number of non-equity partners in law firms has expanded dramatically. In the US it has more than tripled in the largest firms over the past decade and increases of a similar nature are apparent in other jurisdictions.
Creating A Culture Of Innovation
In our June Insight, we laid out the business case for innovation. We cited increasing client pressure to rethink operating models, a rise in substitutes for more traditional delivery of legal services, and a strategic opportunity to differentiate.
Leadership Succession: Three Critical Steps
Succession planning appears to be one area where both law firms and corporations are underperforming.
Making The Business Case For Innovation
Until recently, law firms have seen little need to innovate…Of course, those days are long gone, and while most law firms today recognize that it takes more than being a great lawyer to be a market leader, and a follower strategy isn’t necessarily a winning one, only a limited number of firms are seriously innovating.
The Amlaw 100: Averages Don’t Tell The Whole Story
The American Lawyer list of the 100 highest grossing firms in the U.S. was released a few weeks ago.
