Law firms don’t appear to be outperforming other businesses on this metric.
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.
As firms seek to gain competitive advantage in a persistently flat market, allocating scarce…
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.
Over the past several years, we have seen a growing gap between the highest performing firms and the rest of the market.