For some time, the idea that law firms should be run like businesses has been accepted. While lawyers and law firms still benefit from the ideals that underpin the place our legal system has in our society, keeping a law firm’s doors open today requires a proper dose of business principles.
In attempting to apply
Lawyers love lists, especially checklists. They love having a specified list of elements that need to be proven or followed. Lists fit into the way they were trained in law school. It is likely that many of today’s lawyers were list driven even before going to law school.
It is no wonder that lists that
The best way a mentor can prepare another leader is to expose him or her to other great people. John Maxwell
Quality decision-making has a great deal to do with shaping the fate of all law firms. Today’s post focuses on the value of today’s law firm leader engaging the insight and decision-making acumen
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,
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
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
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
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
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
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
