Great size, broad geographical reach and increased partner leverage are among themes common in the growth strategies of most City law firms. But has bigger proved better and will it guarantee sustainable success in the future?
In their pursuit of size, law firms would do well to study the changes that financial services firms have undergone in the City in the past two decades. There are valuable lessons to be learnt from the experience of partnerships, such as investment banks and brokers, in implementing their various growth strategies.
