Anticipating Scandal, Randomness and Unlikely Disasters in Law Firms

Anticipating Scandal, Randomness and Unlikely Disasters in Law Firms By Nick Jarrett-Kerr This article first appeared in Law Business review December 2011 Scandals such as the News International hacking incident are timely reminders that organizations can be brought to their knees by events which are highly improbable, often totally unpredictable but – if they happen – potentially catastrophic.  At a simple level, such events often (but not always) involve ethical breaches and emphasise the need to keep careful track of what is going on inside the organisation.   At a deeper level, however,...
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LMS Business Planning Toolkit

This Business Planning Toolkit is designed to help practitioners to understand how to draft and implement business plans, including plans for individuals, teams and the firm, and through all stages including securing buy-in and reviewing the plan following initial implementation. The toolkit is written by Nick Jarrett-Kerr with additional case studies by managing partners at three Section member firms. Read Article  Download Article
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Linking Partner Targets To Profit Shares

The issues of partner performance and rewards are rising on law firm agendas, especially with the impact of new age discrimination legislation. Law firm leaders talk a good game about how the firm ‘rewards what it values, and values what it rewards’ but in reality many firms give scant regard to anything except seniority and billing. Nick suggests ways in which law firms can get the best out of partners across all areas of the firm by setting the right targets and sharing profits based on the achievement of those targets. Read Article  Download Article
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How Partner Compensation Can Support Strategic Goals And Economic Objectives

For many firms, partner compensation has long been managed in isolation from the firm’s overall business strategy, which is primarily focused on external factors, such as markets and clients. But, by aligning compensation models with strategic objectives, firms will be far better equipped to achieve their goals. Nick suggests four main ways in which a Compensation and Rewards System can support the firm’s strategic direction and goals. Read Article  Download Article
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Change Projects In Law Firms

Law firm partners and leaders ought to have some plans to cope with some of the obstacles to their projects and the implementation of them which could occur along the way. Anticipating such barriers can often lead to them being headed off. Nick considers some of the main obstacles to change in law firms and sets out six communication and implementation steps which should be applied in any change programme. Read Article  Download Article
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Leadership For The Long Haul

The ‘First 100 Days’ for any managing partner may be challenging but life tends to get even harder during ensuing periods in office. Managing partners often find that they have been selected or elected with a mandate to deal with short term problems which need no more than competent administrative skills to solve. After their initial honeymoon period, they then need to develop leadership skills to succeed in taking the firm further forward and to deal with resurfacing longer term issues. This article helps leaders to focus on leadership skills for the long haul and to convert from well-paid ad...
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If You Always Do What You Have Always Done

There is an old saying which goes “If you always do what you have always done, you will always get what you always got”. Until the recession, this worked for most firms who managed to grow and remain profitable on the back of well tried and tested business recipes and relying on a loyal client base. Now client loyalties are strained and competition is growing. This article makes the case for doing something different, something deliberate and planned in the firm’s strategy and business recipe. Read Article  Download Article
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