‘People are our key assets.’ How many times have we heard that quote before? And yet in the case of professional service organisations it has a real meaning. The intellectual capital of these organisations is what differentiates them from each other and presents the value proposition to clients. In our increasingly complex and competitive world, the success of our organisations depends on the people who are employed.
During the past few years there has been considerable change in the legal market. Given this degree of change it is remarkable that the essential structure of a partnership has remained the same even though there is a real need for law firms to adapt and meet the demands of the market.
