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Law firm management has evolved significantly over the last decade to an extent where those in management positions within law firms now play the equivalent role of CEOs of corporations. However, the main difference between corporate practice and the practice of law firm management is that there are significant amounts of learned material and a pool of experts readily available for the CEO seeking to update their knowledge or introduce new concepts to their businesses, whereas the same cannot be said for law firm management.
Bringing together a team of carefully selected experts, this title addresses the lack of high-level commentary on law firm management by focusing on the key areas of concern for today’s managing partners. The title takes modern corporate management techniques and applies them to the professional practice market. The focus of the title is on taking a strategic approach to law firm management and providing the reader with the tools required, ensuring that the constituent elements of the partnership are working towards the common goals of profitability and sustainable growth.
The authors’ contributions are written at a sufficiently high level to appeal to the managing partner who is keen to expand their understanding of the principles driving their day-to-day work, and at the same time are practical enough for them to usefully apply those principles in practice. As well as taking a fresh approach to key areas such as human resources and business development, the title also takes a unique look at underlying issues such as the psychology of law firm management, how to manage change within professional partnerships and how a successful knowledge management strategy can increase law firm profitability.