Legal Business

Recent Posts

The challenges of change in managing lawyer careers
Posted on 23 Nov 2011 by Norman Clark

Our firm is currently advising several law firms about improvements to their career management policies and procedures. In some legal markets this has become a very important strategic issue - not just one of internal human resources management. In... Read More

Life after managing partner
Posted on 8 Jun 2011 by Norman Clark

The Lawyer reported this morning that Mark Walker, until recently the managing partner of Cleary Gottlieb in New York, has moved to Paris and into the world of finance as a senior advisor to the global sovereign advisory group at Lazard. One of... Read More

After the honeymoon
Posted on 8 Jun 2011 by Norman Clark

What happens when things don't work out after a merger as well as the partners had hoped? There are almost always some rough spots after any merger of two businesses. However, these can be become life-threatening for recently merged law firms... Read More

Business plans for gigantic canoes
Posted on 1 Jun 2011 by Norman Clark

For several months now, I and some of my colleagues in the Public and Professional Interest Division of the International Bar Association have been reviewing the business plans of the PPID committees and other entities. These groups range from very... Read More

Building consensus in compensation: the Addleshaws case study
Posted on 25 May 2011 by Norman Clark

Another well-intentioned and innovative reform to a law firm's partner compensation system has been aborted. The senior management team at one of the United Kingdom's better-managed law firms, Addleshaw Goddard , has been forced, by what... Read More

MS. found in a law firm
Posted on 11 May 2011 by Norman Clark

There is a good article in the 7 May 2011 issue of The Economist, "A Less Gilded Future." Although I do not agree with a few minor points, it describes how easily a well-established law firm (in this case, the U.S. firm of Howrey, LLP) can... Read More

Leadership: actions and words
Posted on 7 Nov 2011 by Norman Clark

In September and October 2011, our firm conducted a worldwide survey about law firm leadership, as part of our ongoing support of the Law Firm Management Committee of the International Bar Association . 374 lawyers participated, more than half of whom... Read More

Market leaders lead the market
Posted on 30 Nov 2011 by Norman Clark

When a group of law firm partners discusses significant changes in their respective firms, one of them will almost certainly say: "But no other firm in our market does this..." We have three responses that we ask our clients to consider... Read More

Ten More Ways to Knit Up the Raveled Sleeve of a Spread-out Legal Department
Posted on 22 Feb 2010 by Rees W. Morrison

If your legal team has offices strung out from Albania to Zimbabwe, you probably wish there were more cohesion, collegiality, and collective culture (See my post of Jan. 16, 2009: physically decentralized law departments with 13 references.). To the... Read More

Time to Update Your Partnership Agreement? A Diagnostic Checklist
Posted on 22 Feb 2010 by Norman Clark

As my colleagues and I advise law firms on governance issues, such as managing the growth of the partnership, partner compensation, or capital requirements, we and our clients sometimes discover that it has been many years since the partnership agreement... Read More

“People just like us”
Posted on 23 Mar 2010 by Norman Clark

A managing partner of a reputable and reasonably successful midsize law firm recently told me, "We look for partners who are just like us, who we know will fit in." This is not the first time that my colleagues and I have heard about this... Read More