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.
The Growth Imperative
For many law firms growth offers the opportunity to preserve or improve competitiveness, economics and market position in a rapidly evolving industry. For many firms today, the question is not whether law firms should be pursuing growth. Growth, in one form or another, is a strategic imperative. The question is how firms will achieve it.
What is Law Firm Culture?
What does culture really mean? And is preserving it always a good thing? While culture can certainly provide the glue that ties lawyers to the firm, there are always lawyers who choose to go elsewhere as a result of the culture. And different generations of the firm may value different aspects of the culture.
Insights from Lewis Roca Rothgerber Christie’s Managing Partner on Regional Firm Growth and Market Positioning
This month we continue our interview series of legal industry leaders. This interview is with Ken Van Winkle, the Managing Partner of Lewis Roca Rothgerber Christie, where he has served as Managing Partner since 2004 and practiced law since 1987.
Managing Volatility
Volatility has become more common in the legal industry and firms must be prepared to deal with the consequences. As we potentially head in to tougher economic times, leaders need to be thinking ahead and managing proactively.
Key Success Factors in Partner Compensation
While many firms have fine-tuned their partner compensation systems over time, compensation remains an evergreen topic within partnerships, and one does not have to look hard to find ways to further improve a system.
Insights from Baker McKenzie’s Chief Strategy Officer
This month we are debuting our interview series. We will periodically interview leaders in the legal industry who bring fresh perspectives that are sure to be of interest to our readers. We kick off with Julia Hayhoe, the Chief Strategy Officer at Baker McKenzie.
Tomorrow’s Stars
The confluence of industry-wide change and demographic transition begs the question: Who will be the owners of law firms of the future? Not only will the composition of firm partnerships differ in terms of size and demographics, these law firms will be competing in an unprecedented environment requiring a different ownership skill set than the one which worked for firms 20-30 years prior.
Business Cycles and Law Firm Strategy
In today’s world, business cycles are moving more quickly. Firms need to be aware of how these cycles will impact demand for the firm’s services. Understanding how your practices are positioned and what that means for investment, divestment and management is critical.
