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New Partner Development: Three Common Mistakes
By David Cruickshank | Mar 3, 2021
In the first two months of the year, your firm admitted a new class of partners. You’re confident that they are the “right stuff” for the firm. They are productive, knowledgeable associates who can produce revenue at partner rates right away. But are they ready to be owners? Unless your firm has a robust new partner development program, the answer is “We hope so” at the very best.
THE CHALLENGE OF COLLABORATION
By Leon Sacks | Feb 24, 2021
Clients are facing increasingly complex demands posed by the rapid advance of technologies, the economic and regulatory environment, the geographic spread and dynamic change within their markets and disruptive events, such as the current pandemic. Worse, many firms are less collaborative than they think they are.
A NETWORK LEADERS CHECKLIST
By Yarman J Vachha | Feb 17, 2021
As the world changes and emerges from a generational crisis there is an increasing need to work together and form affiliations as there is inevitably strength in numbers and diversity. I believe that we will see much consolidation in the legal markets in the next few years. Those in existing Networks or Affiliations will be well served to review their arrangements and to take stock of “what they want to be” in the new world.
TRAINING & SKILL-BUILDING – CREATING A CULTURE OF KNOWLEDGE-SHARING
By Bithika Anand | Feb 9, 2021
Training, development and skill-building are concepts that have largely been under-rated in law firms. The debate often is – whether they are a cost or an investment? The dilemma also stems from the uncertainty concerning the return on investment and how to scientifically measure the value addition from training and development activities. This article aims to discuss the benefits associated with skill-building and how can law firms foster a culture of knowledge-sharing, mentoring and growth.
20 insights you need to run a law firm in the 2020s
By Chris Bull | Feb 3, 2021
Law firms operate in a digital and data age, but most remain ‘data right but insight poor’. By adopting a new, managed approach using the information-insight-impact model and starting with 20 business essential insights firms can begin to address this gap.
Integrating Strategic Planning and Strategy Execution
By Nick Jarrett-Kerr | Jan 27, 2021
Professional service firms are typically littered with uncompleted strategic projects, failed initiatives and strategic plans that have remained in a drawer (or a computer file) almost as soon as written. It has often been observed that professionals are better at ideas and planning than in putting those plans into reality by means of effective implementation.
Partners: Escape Velocity Begins Now!
By Mike White | Jan 19, 2021
Well thankfully, it’s a new year! As you do all that you can to reach “escape velocity” and set the table for great things in Q3 and Q4, I caution my clients to make a psychological commitment to put things in motion now to create a rich set of opportunities later in the year.
From Partnership to Prosperity
By Gerry Riskin | Jan 13, 2021
Some new partners will deceive themselves into dismissing the importance of collateral skills on the grounds that the only issue for a good lawyer is technical expertise.I contend that such expertise is necessary but not sufficient. Those who ignore skills do so at their peril—and risk joining the under-appreciated, who mutter how unfair clients can be.
January 27-28, 2021: Nick Jarrett-Kerr, Ark Group’s Law Firm Compensation Strategy: A Virtual Think-Tank
By Edge International | Dec 3, 2020
Edge’s Nick Jarrett-Kerr will be among the presenters discussing how firms are adapting compensation and resource allocation strategies to meet a rapidly changing legal landscape.