These days being a partner at a law firm can be a strange experience. The current success being enjoyed by firms varies dramatically and who’s busy and who’s taking long lunches differs between departments. But there is something else going on too. The unpredictable legal market is leading to anxiety among partners and at the same time shaping the very framework of the partnership structure.
After a bull run of some 15 years, what now for partners who find themselves in top-heavy firms? And what importance does communication within the partnership now take?
The first article in this Partnerships Special Report looks at how cleverly drafted management information can be a highly useful tool to forge confidence and drive behaviours among partners.
The second article looks at the options for partnerships and LLPs if the worst happens and a firm faces collapse, urging partners to shore up trading positions to avoid any nasty surprises.
To view the reports, click the underlined words above.