One of, if not the key responsibility of a law firm leader is ensuring that the viability of the firm is not threatened. No doubt, one of the primary threats to law firms today is excessive debt.
Clearly it is a rare business that functions without incorporating some form(s) of debt as part of
Law firms today and in the future must deal with a shifting legal services market that makes succession a more formidable task. Succession is not simply finding a way to deliver the gold watch with dignity and promoting firm-wide acclamation for the new leader. No, it is a lot more as recent reports and analyses
Every single business, if it is around long enough, will face a time of crisis. Law firms are no exception.
Whether a series or a single event, crisis comes with a handful of pivotal moments. Mishandled, these moments can threaten the very existence of any organization.
If you’re managing a law firm you know that
Law firm succession, whether leadership or client focused, has been an issue for law firms for a long time. Recent articles written about the legal industry suggest that succession will be different if not more difficult in the future.
At the risk of waxing about the “good old days,” it is arguable that operating a
