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From a theoretical perspective, management science distinguishes clearly between the concepts of a strategy, and the business model used to drive the firm and achieve that strategy. The two can overlap when it comes to strategy implementation, though, because actions intended to achieve strategic objectives also impact the business model.

Does this matter, in practical terms? If so, of what do law firm leaders need to be mindful when thinking about either concept? In this short article published by the Law Management Section of the Law Society of England & Wales today, Rob offers an approach to law firm business models that is client-centric and focused on transformation.

Click here to read on the Law Society’s website, or scroll down for more.
Continue Reading Business model or strategy? What’s the difference? Does it matter?

At this time, with our attention consumed by COVID-19’s death toll and the impact on the world’s economies together with deeply upsetting upwellings of racial anger in the United States, it is easy in the UK to lose sight of another disaster potentially looming. A no-deal Brexit in just over six months. (You hadn’t forgotten about Brexit, had you?)Continue Reading Remember Brexit?

We are now well into the ‘response’ phase of the coronavirus pandemic and most law firms appear to have weathered the initial storm. IT teams have served their firms with distinction in setting up remote working systems.

Frank conversations have taken place across partnerships about what is needed to ensure their firms’ survival. Some firms have suspended partner drawings, reduced salaries and are furloughing staff under the UK government’s Coronavirus Job Retention Scheme and similar schemes in other jurisdictions.

Continue Reading After Covid-19, tensions that pre-existed the pandemic will become intolerable