As firms have expanded to other cities and even countries, the relationship among its equity holders inevitably has changed. It’s difficult to refer to a lawyer, in another office, whom you’ve never met and likely never will, as…more
By Tony Bash, Edge International, UK…more
Edge Welcomes New U.S. Partner Mike White
Mike White is joining Edge International to continue his consulting practice. With more than 20 years experience as a lawyer and manager of multiple business services companies, Mike…more
I am finding more small- to medium-sized firms talking to me about the role of a 'virtual' Finance Director. This may be a UK phenomenon caused by worries over the new mandatory position of a Compliance Officer for Finance and…more
When The Atlantic publishes an article titled "The Death Spiral of America's Big Law Firms," and daily news reports from the industry's front lines seem to confirm that grim perspective, it's easy for pessimism to become your…more
Remember when your high school science teacher asked what would happen if an irresistible force met an immovable object? Well, the legal profession is about to find out.
Two trains are already in the tunnel, charging toward…more
I have been fond of saying that law firms often demonstrate as many different strategies as they have partners. It is a bit the same with values as these tend to be individually held rather than organisationally embedded. This…more
Law firms are constantly seeking ways of serving clients in new locations without the commitment, expense and risk of actually opening an office.
An interesting new alternative is what has come to be known as the "Pop Up"…more
There is something very appealing about the collegiality of professional partnerships in which profits are shared equally amongst its partners. Such a method of sharing profits is invariably (and wrongly, in my view) described…more
I asked Todd Gerstein of Smart WebParts (www.smart-webparts.com) what his latest data on this subject looked like. He said: "Less than 40% of all timekeepers keep their time contemporaneously; the silent majority (60%)…more
According to an old golf story, Byron Nelson and Sam Snead were standing on a driving range watching two amateur golfers practice. Both of the amateurs were 10-handicappers, but one had a beautiful golf swing that was virtually…more
In his new book Failing Law Schools, Washington University law professor Brian Tamanaha cites a remarkable statistic. American law schools, he reports, produce 45,000 new graduates each year; but recruiters expect only 25,000…more
The marketplace is witnessing a shift in the way legal services are delivered and organized, replacing a structure that has survived for decades: lawyers structured as partnerships, working from their own offices and delivering…more
Gone are the times when being a professionally qualified lawyer was good enough. With law being a highly competitive profession the need for training and skill development is all the more imperative.
Why training? Many…more
Your law firm's success in 2012 may require considerable ingenuity under extreme pressure just as it did from the crew of Apollo 13 for their safe return to Earth.
Apollo 13 was the third mission in the American Apollo space…more
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