The issue of succession planning at law firms has received the attention of commentators and I have written about it as well. Demographically, the need among law firms to address succession is mounting as the boomer generation ages. Because the number of firms facing succession issues increase with each passing year, planning at firms
The Unique Challenges of a Law Firm Leader
A genuine leader is not a searcher for consensus but a molder of consensus. Martin Luther King, Jr.
Today there will be reams written and distributed on the idea of leadership. Characteristics, success factors, how to become one, how to identify one – you can find scores of articles on multiple facets of the
Merging Your Law Firm As A Succession Plan-Five Key Considerations
Every year law firms of all sizes merge. For some of the smaller law firms merging, the decision to combine may have been driven by the need for an effective succession plan. In these cases in which long-time management is unenthused about the prospect of turning the keys over the next generation, merger can
3 Keys To Law Firm Stability In A Changing Marketplace
I don’t know where we should take this company, but I do know that if I start with the right people, ask them the right questions, and engage them in vigorous debate, we will find a way to make this company great. Jim Collins
So many law firms — big and small — are
What Are the Top 5 Attributes of a Law Firm Leader?
A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves. —Lao Tzu
Leading a law firm these days may be one of the great roller-coaster rides of modern management. Exhilarating, breathtaking, unexpected twists and turns, even moments of fear.
Lateral Hiring NBA Style-Building with Law’s LeBron, Melo and Others
If SportsCenter had a sister station named LawCenter reporting on news in the legal profession, its Stuart Scott (what is lawyerese for Boo Yah!?) would report on the big lateral hires throughout the year and not, as is the case in the NBA, for a brief period after the end of the season. Unlike players
Law Firm Merger-A Succession Planning Alternative
In recent years, law firm mergers have been on the uptick and do not seem to be abating. Big mergers reap a lot of publicity because the firms joining together often have household names. But as Catherine Ho reports, not all the law firm mergers involve the behemoths that grab the headlines. Ms. Ho’s
Avoiding Law Firm Decline Through Effective Leadership
The most dangerous leadership myth is that leaders are born – that there is a genetic factor to leadership. This myth asserts that people simply either have certain charismatic qualities or not. That’s nonsense; in fact, the opposite is true. Leaders are made rather than born. – Warren G. Bennis
There is simply no
Law Firm Succession Planning-Managing the Different Loyalties
Law firm succession planning is a lot different today than it was in years past, even just a few years ago. In addition to the issues covered previously on Succession Planning, difficulty arises from the fact that the interests of the people that make up a firm have never been less aligned. The lack
The Weed Eater and Law Firm Client Service
A customer is the most important visitor on our premises; he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor