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Blog

Planning for Succession

Succession planning in law firms is an issue that has long preoccupied senior and managing partners, and it is something with which all firms have had to contend, but the implications – especially for smaller firms – are becoming ever …

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Two Types of Motivation

Firms in professional service industries have traditionally focused on what could be described as the avoidance, or mitigation, of pain. Just as a doctor would ask a patient to describe their presenting symptoms, seek to provide a diagnosis of the …

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Uber-fixed Costs

Our regular readers will be familiar with our analysis of the majority of law firms as overwhelmingly fixed cost operations, and of the imperative for forward-looking firms to inject a far greater degree of flexibility into their cost structures. Given …

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Revisiting the Role of the FD

The role of the law firm Finance Director has come under increasing scrutiny during the recent years of turmoil and economic contraction. Now that the economy has been growing for some time and firms that have run a tight-ship look …

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Still Squeezed in the Middle

In our 2011 white paper on the future for independent law firms  we identified the potential for a “Gastric Band” type squeeze on mid-market law firms – with formidable pressures both from above and below, driven by the ‘three forces’ …

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Managing the Partners

We have written extensively in recent years about the changes in the market and the impact these have had, and will continue to have, on the business operations of UK law firms. A shifting regulatory environment (and changes to legal …

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