By Patrick J. McKenna. In a climate like this one, the most important step you can take is to re-energize your thinking. That's what strategic innovation is all about—finding new ways to look at your practice to extract value and reveal opportunities, hone your understanding of the real risks and rewards of your current strategy—and come to grips with the cost of standing still. How can you make innovation happen? Here are ten initiatives...

By Michael J. Anderson. When law firms finally realize that they are falling behind (minimal or non-existent profit growth, lower margins and/or declining market share), the first knee jerk reaction is to reduce costs and start to restructure. In law firms that usually means laying off associates and staff.

By Patrick J. McKenna. Why strategic planning does not work…and what you should be doing about it! While some claim that profit-per-partner is growing, and for some it has been, don't be fooled. It is not going to last much longer for those playing the game by following the same old rules.

By Patrick J. McKenna. Why strategic planning does not work…and what you should be doing about it! While some claim that profit-per-partner is growing, and for some it has been, don't be fooled. It is not going to last much longer for those playing the game by following the same old rules. (Part II)