Control Or Consensus

As a law firm grows, many of the governance and management systems need to change as well. Firms can find that their management and decision-making can become stifled either by the need for consensus in a growing partnership or where the founder partners just get too busy to make decisions quickly. In this article, Nick examines the stifling points in law firm governance and decision-making. Read Article  Download Article
More

Partner Roles and Responsibilities

Partner Roles and Responsibilities This posting sets out to introduce some suggested methodologies for a firm to follow in order first to clarify what the firm expects of its partners and then to define what roles and responsibilities it needs them to perform.  Partners equally need to be clear how they are to discharge their various roles as owners, managers and producers. Law firms have at last accepted the importance of developing management and leadership skills in their partners.  This recognition is somewhat patchy and inconsistent and there is often a mismatch between what law firms ...
More

Shaking Up Profit Sharing

This article considers the steps needed for the successful implementation of new profit sharing systems. The issues touched on include partner accountability and performance, the wider role of a law firm owner, partner development and progression, and how firms reward, compensate and reward their partners – all of which go to the very heart of the partnership ethos. The brutal truth is that any radical changes to a firm’s partner remuneration systems require a great deal of time and planning and will involve the firm in considering a whole range of issues. Read Article  Download Article
More

Internal Affairs

The development of partners requires them to have an advanced set of life & business skills in order to be owners and managers of their law firms and at the same time to become trusted and valued legal advisers to their clients. This article (October 2010) first appeared in the New Law Journal and sets out how partners should develop additional skills. Read Article  Download Article
More

Growing Culture

Can Professional Service Firm Leaders Keep A Grip On Their Firm's Culture In A Period Of Growth And Change Most law firms find that they are quite different now in the way they do things, from what they were five or ten years ago. In this article, Nick examines the impact of changing conditions on culture and considers whether leaders can control culture as the firm grows. Practical suggestions and steps are summarised to ensure that fine rhetoric is matched by partner behaviour. Read Article  Download Article
More

Governance In The Growing Partnership

No governance structure can entirely prevent disasters occurring but a coherent and balanced management structure clearly helps if aligned to the strategic and business needs of the firm and which contains the appropriate provisions for mature and sensible accountability. This article (2007) examines the issue of governance in the growing law firm and suggests some possible management models. Read Article  Download Article
More