Often the conversation goes like this – “Hey Roger, we received a call from the firm of Smith and Jones. They are a pretty successful firm based in Timbuktu and they are interested in expanding here. They think we would be a perfect fit. Can your firm help us look at this opportunity?
We have discussed the substantial challenges associated with law firm mergers and their woeful success rate in previous posts. But a frequently overlooked piece of a successful merger — an element that warrants serious attention — is a comprehensive integration plan.
Combining two groups of people, their clients, processes and systems is a daunting
When you see the word “Culture” used in a discussion about today’s law firm environment, what comes to mind? A metric defying intangible that, though referenced in reverent tones in firm literature, bears little relevance to the bottom-line? Or, as a palpable reality that impacts human resources?
Or as something in-between?
Here’a a working
It takes 20 years to build a reputation and five minutes to ruin it. – Warren Buffet
In my professional experience, no attribute is more important for the leader seeking to turn around a law firm than trust.
In a Forbes article by David Horsager, the author eloquently articulates it. “Among all the attributes of
There continue to be reports addressing the challenges facing the legal profession related to a falling demand for legal services and the increasing number of alternatives to traditional law firms.
At a macro level the demand for legal services has been flat to negative for the last decade. While larger firms have faired slightly
In a previous post I suggested some of the unique characteristics associated with effective law firm leadership. Today, let’s look at the unique dilemma facing a law firm leader.
First of all, it should be noted that there is a clear correlation between the size and practice diversity of a law firm and the amount
When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.
John F. Kennedy
The Crisis at Kaye Scholer
I was sitting reviewing law business related articles recently. As the stories of doom and gloom and struggling law firms big and small continue to occupy
Is culture something entirely different?
Here’a a working hypothesis for today’s conversation: you can’t help it – every firm has a culture. However, for law firm leadership the concern should be less about good versus bad, and more about ensuring a culture that is aligned with the aspirations of those wth whom you wish to
“Focusing is about saying No!” Steve Jobs
I was reviewing an article regarding the an Annual America’s Best Corporate Law Firms study and was struck with how consistent the same names appear on this list — year in and year out. Even if you haven’t seen it, chances are you can name many of
The measure of intelligence is the ability to change – Einstein
Adapting to change – At first blush the need to adapt is so obvious there would seem to be no need to discuss it. Then we see firm after firm, small to large, fail because of their failure to adapt. So, lets discuss
