Legal industry veteran Eric Fletcher takes the view that law firms perpetually are in transition. Certainly, in the changing legal environment that has existed since 2008, transition among law firms is common. Law firms in transition can face any number of business altering decisions, whether they be fundamental adjustments to its business strategy, considering merger,
A Law Firm Leader’s Dilemma
Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution; it represents the wise choice of many alternatives – choice, not chance, determines your destiny. -Aristotle
In a recent post I suggested some of the unique characteristics associated with effective law firm leadership. Today, let’s look
Merging with Goliath-Key Considerations for the Smaller Law Firm
News about the search for a merger partner by Bingham McCutcheon has been in the media the past few weeks. If the search leads Bingham to the altar, its transaction likely will be among parties equally sophisticated and aware of the intricacies of law firm merger. After all, Bingham owes its current size to a
Law Firm Succession Planning – Five Common Mistakes
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