by fairfaxassoc
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.
by fairfaxassoc
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.
by fairfaxassoc
A team comprising only star players is not however sufficient to ensure success – the strengths and skills of the individuals need to be channelled and harnessed.
by fairfaxassoc
150 years ago The Origin of Species was published. Although Charles Darwin’s work…
by fairfaxassoc
The number of non-equity partners in law firms has expanded dramatically over the past decade.