Law Firm Partnership Part 1: Do “True Partnerships” Still Exist?

11.30.16 | Susan Duncan

Citi Private Bank has released its third quarter report on law firm growth and it indicates a slow-down since their mid-year report.  The following findings are important to note: Demand was nearly flat at .3% Revenue growth other than due to billing rate increases was only .3% Firms have seen an increase in compensation expenses…

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Do Your Law Firm Leaders Lead or Manage?

10.26.16 | Susan Duncan

Leadership is not a title or a position. The best leaders have developed competencies that enable them to drive their firms forward, think conceptually and strategically and effectively build and rely on teams and networks. According to the 2016 Deloitte Global Human Capital Trends report, eighty-nine percent of companies see leadership as an important or…

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Part 3 of 3: The Next Normal – What Can Law Firms Learn from Netflix?

08.04.14 | Susan Duncan

Our two prior blog posts examined a number of trends, challenges and changes that will affect legal service businesses of the future. “Legal service business” is used here intentionally to suggest that many legal services of the future will more frequently be provided by non-traditional law firms (many of which won’t even be called or…

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Part 2 of 3: The Next Normal – What Talent and Skills Will Progressive Law Firms Need?

07.02.14 | Susan Duncan

In Part 1 of 3: The Next Normal – Will the Traditional Law Firm Model Survive?, we suggested that the traditional firm model will not survive in the future (or perhaps even the present for many.) The law firm or legal service organization of the future will employ numerous types of people who have various skills,…

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Part 1 of 3: The Next Normal – Will the Traditional Law Firm Model Survive?

06.16.14 | Susan Duncan

This article is the first in a series to look at the “Next Normal” for law firms. Part 1 focuses on the traditional law firm model and why it is unlikely to remain as it is, Part 2 focuses on lawyer skills and talent management in the future, and Part 3 will address whether and…

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The Future is Here: 10 Trends and What Your Firm Should be Asking Itself

07.11.13 | Susan Duncan

Two things are clear right now. First, dramatic changes have already occurred and will continue to occur in the legal profession (actually, most are affecting all sectors of the economy.) Second, these and other new changes will be permanent, i.e., this is not a pendulum swing that will swing back. The marketplace is driving these…

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Are Project Management and Process Improvement Just Fads?

05.30.13 | Susan Duncan

Like many things occurring in the profession right now, this is a trend that is here to stay. Clients want their legal work done faster, cheaper and smarter and they know that there are good practices in place in other professions and businesses that can be adapted to the practice of law.  Companies like GE…

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What is Your Firm’s Core Purpose and Is It Time to Revisit It?

03.04.13 | Susan Duncan

All the disruption, uncertainty and competition afflicting law firms today is creating a lot of anxiety and fear. Plenty of lawyers are questioning why they chose law as a profession and whether they should retool into another career, law firm leaders question how they will lead their firms through this time of turbulence, and most…

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Collaboration: The Next Frontier. Are Law Firms Up to it?

02.21.13 | Susan Duncan

The Merriam-Webster Dictionary defines col•lab•o•ra•tion [kuh-lab-uh-rey-shuh n] as: (1) the state of having shared interests or efforts (as in social or business matters;) (2) the work and activity of a number of persons who individually contribute toward the efficiency of the whole.  In today’s business environment, technology tools and platforms facilitate effective collaboration. So there…

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Culture Part 2: How to Use or Adapt Culture to Succeed in the “New Normal”

08.28.12 | Susan Duncan

Last week, our post entitled Culture Part 1: Does Law Firm Culture Play a Role in Success or Failure? discussed the components that comprise organizational culture. Every law firm has a unique set of interwoven values and characteristics that make up its culture. As firms address the substantial disruptions posed by the economy, technology and supply and…

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Culture Part 1: Does Law Firm Culture Play a Role in Success or Failure?

08.23.12 | Susan Duncan

You bet it does — perhaps now more than ever. Of course this depends on how you define “success.” With so much focus on the numbers – PPPs, RPL, revenues, de-equitizing, equity versus income partners, cutting expenses, discounts and billing rates, utilization, hours – it would be easy to assume that every corporate law firm…

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Does the Legal Profession Need Radical Change?

07.23.12 | Susan Duncan

In September, a group of high level leaders in the legal profession will convene in New York City to “solve the worst legal job market in 20 years.”   Those invited to the meeting by New York City Bar Association President Carey Dunne will be asked to identify the causes for these woes and to make recommendations to…

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