Full Description
The legal industry is in a period of upheaval and transition, prompting top law firms to review their strategy on how they operate, and how to attract and retain top talent to ensure ongoing success. Lessons from High-Performing Law Firm Leaders uses data-driven analysis and first-hand accounts from prominent law firm leaders and industry experts to explore the drivers behind the recent changes in the legal landscape and what law firms can expect as a result. They also examine how firms are embracing the changes to their advantage to outperform their peers.
Zimmerman and Smith use findings accrued from advising and reporting to explore issues and best practices for law firm strategic planning, including:
compensation packages and their evolution;
lateral hiring processes;
implementation of non-equity tiers;
expanded role of the C-suite;
advantages and disadvantages of mergers and acquisitions;
media interaction; and
successful adoption of AI.
This Special Report offers expert insights and guidance for law firm partners and leaders as well as consultants, legal tech companies, recruiters and others seeking to understand the continued evolution of the legal industry. It will prove a valuable guide in a time of uncertainty, drawn together by two authors in a unique position of experience and industry knowledge.
Contents
Introduction: Big changes at the top of big law
1. How high-performing law firms typically approach strategic planning and common drivers of effective plans
2. How high-performing firms increasingly align their approach to compensation with achieving their growth strategy.
3. The increasing interest in non-equity tiers
4. Increasing movement of groups of laterals and why some firms benefit more than others
5. Why more high-performing firms have put M&A on the table
6. Public statements and media interaction
7. Leadership succession planning
8. The evolving role of business professionals in law firms
9. Artificial intelligence and the legal industry
