Managing the Modern Law Firm: New Challenges, New Perspectives
- 5h 11m
- Laura Empson (ed)
- Oxford University Press (US)
- 2007
The last ten years have been a period of extraordinary change for law firms. The rapid growth of corporate law firms and the emergence of global mega-firms have strained the traditional partnership model of management. Some managers of law firms are appalled at the creeping 'corporatism' that they fear may result. However a growing number believe that it is time to move on and adopt more contemporary forms of structure and management.
In Managing the Modern Law Firm scholars and legal practitioners examine the latest insights from management research, to enable law firms successfully to meet the challenges of this new business environment.
About the Editor
Laura Empson is a Professor in the Management of Professional Service Firm at the Cass Business School in the City of London.
In this Book
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Prologue
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Introduction and Overview
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Your Partnership—Surviving and Thriving in a Changing World—The Special Nature of Partnership
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Your People—Valuing Diversity—Some Cautionary Lessons from the American Experience
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Your Expertise—Developing New Practices—Recipes for Success
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Your Client Relationships and Reputation—Weighing the Worth of Social Ties—Embeddedness and the Price of Legal Services in the Large Law Firm Market
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Your Income—Determining the Value of Legal Knowledge—Billing and Compensation Practices in Law Firms
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Your Capital—Building Sustainable Value—A Capital Idea
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Your Competitors—Mapping the Competitive Space of Large US Law Firms—A Strategic Group Perspective
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Your Ethics—Redefining Professionalism? The Impact of Management Change
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Your Challenge—Sustaining Partnership in the Twenty-First Century—The Global Law Firm Experience
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Bibliography
