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Streamlined firms emerge from ashes of annus horribilis

Some medium sized LLPs/firms getting rid of so called under achieving partners (in a panic to reduce costs) are removing a swathe of expertise and gravitas within their firm. Why? Panicing managing partners (with no fee targets) are worried about losing their own substantial drawings and are making rash short term decisions. And who holds them to account for their erroneous decisions? Not shareholders - to quote Ball's 'business model' analogy. Noone!

1-Dec-2009

12:23 pm