Summary of Managing the Modern Law Firm

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Managing the Modern Law Firm book summary
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Rating

8 Overall

8 Applicability

7 Innovation

7 Style


Recommendation

Editor Laura Empson has collected papers that present the latest research on the evolution of the modern law practice. Although the writers here are academics, their papers are not overly technical. In straightforward language, they discuss the various challenges new international, corporate structures present to legal traditions, from public service to the “partnership ethos” to billing. getAbstract recommends this book to strategically minded legal executives who want to map out new directions while retaining the best of the old values and ethics.

In this summary, you will learn

  • How corporate structures are challenging traditional legal culture;
  • What five kinds of capital exist in each law firm;
  • What the partnership ethos is; and
  • Why modern corporate law firms should adapt rather than destroy it.
 

About the Author

Laura Empson lectures on organizational behavior and strategy at Oxford Saïd Business School. She is director of the Clifford Chance Centre for the Management of Professional Services Firms. She previously worked as an investment banker and strategy consultant.

 

Summary

Tradition and Change
The rapid growth of corporate law firms and the expanding interests of their large clients have changed the lay of the land for law firms. They are competing in a new market. Their clients expect them to have a global presence. The new corporate governance structures...

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