Cultivating Loyalty

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.
A Return To Equity Partnerships?

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.
Overcoming The Value Extraction Bias

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?

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.