The Baby Boomer Problem
As baby boomer partners delay retirement, law firms face a new challenge: client succession. With aging lawyers holding tight to key relationships and younger client decision-makers emerging, firms risk losing business if they don’t plan ahead. This article explores the growing urgency of transitioning client ties—and what a few forward-thinking firms are doing about it.
A Really Great Retreat: Five tips for staging a killer law firm partner retreat.
Tired of law firm retreats that feel like an endurance test? This article takes a witty jab at the traditional partner getaway—and offers practical, engaging alternatives to transform it into a must-attend experience. From ditching dull presentations to creating memorable moments, it’s time to rethink the retreat.
Enter The Swiss Verein
After years of anticipation, true global consolidation on a significant scale is finally occurring in the legal industry. The driving influence appears to be the availability of a structural vehicle that helps firms deal with the legal and functional hurdles of international mergers. That vehicle is the Swiss Verein.
The Five Questions: Creating a Vision for Your Firm
Strategic planning isn’t about drafting lofty mission statements—it’s about getting real. This article cuts through the fluff and lays out a practical, results-driven approach for law firms to define where they are, where they want to be, and how to close the gap. It’s strategy with substance, not just a to-do list.
Metrics that Matter
Law firm success can’t be summed up by flashy headlines and Profit Per Partner stats. This article dives into three underused but powerful financial metrics—Revenue Per Equity Partner, Overhead Per Partner, and Revenue Per Lawyer—that reveal a deeper, more accurate picture of firm performance and strategic health.
Fishing Where the Fish Are: The Ten Best Locations in the U.S. for Law Firm Expansion
Where should law firms cast their lines for growth? This article breaks down why geography matters more than ever in legal strategy, highlighting ten U.S. cities poised for booming legal demand. From Dallas to Charleston, discover the top markets where legal work is growing—and why smart firms are following the fish.
Fishing Where the Fish Are: The Ten Best Locations in the U.S. for Law Firm Expansion
When it comes to law firm growth, the smartest strategy is to ‘fish where the fish are.’ This article explores why geographic markets matter most—and reveals the top ten U.S. cities offering the strongest opportunities for legal expansion.
Game Changing Mergers
Could separate profit pools be the secret to transformative law firm mergers? This article challenges the old-school thinking that compatible profitability is a must, exploring how Swiss Vereins and independent profit structures are reshaping global legal competition. With the right strategies, even “awkward” mergers can create market dominance—and rewrite the rules of the game.
Kicking the Can
Performance issues don’t solve themselves—and avoiding them only prolongs the pain. This article offers practical, compassionate strategies for law firm leaders to address underperformance head-on, with clarity, confidence, and integrity.
Aligning capability and practice: Are your lawyers punching below their weight?
The twin recessions of the past decade have left many large law firms seriously misaligned in the quality of the work performed by their lawyers. Some firms’ lawyers are in over their heads, but many others are wading around in the shallow end. Edge International has developed a Capability Alignment tool that can help firms […]