As the pressures of an increasingly competitive legal market have forced firms to play with alternative rate structures and business models, firms have also increasingly begun challenging the traditional notion of needing a single firm leader, according to some legal consultants.
According to several legal consultants who spoke with The Legal, over the past several years, firms have increasingly chosen to distribute their leadership, often expanding membership on executive committees, or moving leadership from the hands of a managing partner or chairman, exclusively, to an executive board.
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