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.
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.
