As the economic turmoil intensifies and law firms face up to the possibility of further job cuts at increasingly senior levels, partners need to rapidly develop a more complex and subtle understanding of their partnership. Now more than ever law firms need to take a long-term view and appreciate the intricate system of fine checks and balances that partnership creates. Partnership can be a very special relationship, developed gradually over time and carefully nurtured. But it can be destroyed by careless action on the part of management, and the relationship could prove impossible to rebuild.
April 01, 2009 at 08:33 PM
1 minute read
The original version of this story was published on Legalweek
What kind of partnership do you have – a band of brothers or a ship of pirates? Laura Empson says identifying the type of partnership that runs your firm can be the key to its survival
As the economic turmoil intensifies and law firms face up to the possibility of further job cuts at increasingly senior levels, partners need to rapidly develop a more complex and subtle understanding of their partnership.
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