Is the role of director or principal a viable alternative to partnership for the high flier? Yes, says David Miles, but solid foundations need to be in place to ensure success

As a partner in a leading and ambitious accounting firm, I am fortunate to view the current debate among law firms on alternative career paths from an interesting and informed position. In addition, my client work is focused on advising mid-tier and small law firms and I see at first hand in every managing partner’s ‘too-hard basket’ up and down the country the same retention and recruitment conundrums.