The Client Bear Hug Since law firms became professionally managed businesses, the profit-generating flywheel of firms has kicked into higher gear. While correlation ≠ causation, law firm financial performance is exceeding all 12-15 year old expectations of market watchers. With so much financial success in the rearview mirror, how do ambitious firms capture new revenue […]
Law firm leaders may face challenges coming up with a definitive purpose statement for the business, but if they can get it right the declaration can bring partners and employees closer together, writes Joel Barolsky.
While much time is dedicated to recruiting and retaining associates, developing business and streamlining operations, is there an on-going effort to assure that partners are aligned, collaborative, productive and motivated? Does management have a pulse on the partnership and an awareness of issues that need to be addressed?
All law firms express a genuine intent to become more relevant to their clients by handling more of their legal work. So why do so many firms fall well short of stated goals for existing client growth?
As law firms have returned to offices and their balance sheets show increased strength, their leaders have noticed that past agitation over partner compensation has re-surfaced.
A three-part series on Indian Bar Council’s Historic Announcement & What Followed Thereafter
The biggest chokepoint in firms these days is the inability to align most lawyers- particularly younger lawyers- around behaviors that keep their firm most healthy.
2022 was a very good year for Edge International for many reasons but clearly the highlights included the addition from Australia and the USA of two of the most amazing professionals to add to our global team of Principals.
Delivering a signature career experience is not about slogans and breezy conclusions. Rather, it is expressed through the plumbing or inputs the firm deploys to help firm lawyers experience extraordinary career long success.
I have read several articles suggesting law firms should consider appointing independent board members to assist with governance and accountability, in a similar vein to corporations. The objective of this article is to explore the value of the appointment of a “Board Advisor” whose role is to provide expert support and advice to the governing […]