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.
Overcoming The Value Extraction Bias
There is a fascinating irony about partnerships. While the notion of partnership is founded on the concept of shared interests, many firms undermine these interests with a laser-like focus on short-term results in the form of maximizing profits per partner.
Time To Rethink Partnership?
Partnership, or an equivalent, is the predominant form of organization for law firms large and small. It is a structure that made sense when even the largest firms were under 200 lawyers and were primarily single office operations.
Lessons On Governance
Effective management and governance of a firm’s resources represent one of the most critical challenges encountered by law firms at repeated intersections in a firm’s development cycle.
Does Benchmarking Measure Up?
“What are other firms doing?” It’s a question we hear frequently. Lawyers have a strong inclination to look to other firms for sources of legitimacy when it comes to the practice of management.
Leadership At The Top: What Works?
There are nearly as many governance structures as there are firms.
Getting The Practice Mix Right
As firms seek to gain competitive advantage in a persistently flat market, allocating scarce…
The Bonus Balancing Act
As firms seek to gain competitive advantage in a persistently flat market, allocating scarce resources is an increasingly important component of strategic decision-making.
Market Disruptors: Past, Present & Future
While we have certainly seen significant changes in the last 6 years, in reality the legal industry has been changing for the last 3 decades, and will continue to evolve.
