Stress-testing your strategy: A road map to strategic implementation
Many law firms seem content to let sleeping strategies lie: once drawn up, the strategies are rarely reviewed, reconsidered or properly implemented. To ensure your firm gets full value from its strategy, follow these steps to create a stress-testing system that will put your strategy through its paces and bring rigor and impact to its […]
Low leverage: A low road to ruin for law firms?
A truly worrisome trend is spreading from American law firms throughout the world: institutionalized low leverage. Many partners welcome the higher profits and managerial relief this trend produces. But in the longer term, this short-sighted policy threatens serious damage to firms, clients, and partners themselves. Lawyers in other countries carefully monitor the U.S. legal market, […]
Capital Fabric™: The key to your firm’s long-term success
What constitutes the underlying, unifying essence of your firm, the thing that defines your identity and sets you apart from your rivals? It’s your Capital Fabric, and it’s the single most important trait a firm can develop in these times of unprecedented upheaval. Here’s how to understand, apply, and reap the benefits of Capital Fabric. […]