It’s been an era-defining year at Addleshaw Goddard, as today’s analysis explains, but managing partner John Joyce has the potential to turn the firm’s fortunes around by unveiling the right strategy later this week.
The Lawyer has explored the firm’s various options. Merger, reducing London service lines, and bulking up the transactional services team are among the choices but a consistent improvement in the firm’s figures is needed first.
Joyce will be hoping his strategy provides enough reassurance to stem the flow of senior partners out of the firm.
Today’s news that EY will embark on regulated legal services in the UK under the leadership of Addleshaws’ former corporate chief Philip Goodstone highlights how rivals are targeting the national firm for recruits.
However identity should be Addleshaws’ first concern. By the end of this week the firm needs not only to know what it’s going to do but what it’s going to be.
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