While these are difficult times, considerable opportunities exist for the brave, decisive leaders of the legal profession. In five years time we will look back at 2009-10 as a time when some firms made the change from being part of the pack to becoming dynamic leaders of the profession. Our recent survey of professional service firms in conjunction with NetworkMP and Jomati Consultants has highlighted major concerns about the financial challenges facing UK legal practices.
Firms need to consider the impact of recent financial results on all partner groups within their business. Some will be very supportive of the overall culture and direction of the firm. However, others will be questioning their relationship with their current firm and considering where they would like to be when the economy becomes more expansive.
