Law Firms Need to Look At Partnership Behaviors to Manage Profitability

In the decade ahead, the mechanism for offsetting the effects of external market forces on profitability will shift from changing partnership composition to transforming a partnership's behavioral norms, centering on how partners behave toward each other and help each other become the best possible version of their professional selves.

5 minute readMay 01, 2021 at 12:07 AM
By
Hugh A. Simons
Law Firms Need to Look At Partnership Behaviors to Manage Profitability

There's a paradox at the heart of the legal marketplace: Clients are taking work away from traditional outside counsel and yet premier law firm profitability is at an all-time high.

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