Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

Law firms need to practise good governance and not just preach about it to clients

A partnership specialist argues that law firms need to apply a few more of the proven rules of good
governance

The global legal landscape is changing, and the pace of change is accelerating as the balance of power shifts from law firms to their clients. On the international stage, firms are competing for business from a global elite of clients. Everywhere, clients are becoming ever more discerning in their choice of legal adviser and their requirements for service delivery and pricing. At the same time, in jurisdictions like England and Wales, pressure from consumers and competition authorities is leading to alternative business structures, and to a new and more intrusive style of regulation of legal services.

Read the briefing in full

Related Expertise

Professional Practices

Related in depth posts

Round table discussion on changing law firm business structures

Mergers, finance, technology and succession planning were high on the agenda at the latest Gazette roundtable, which discussed changing law firm business structures.

Brexit considerations for Professional Service firms

Brexit considerations for Professional Service firms

Why the Home Office is complicating investor visas

With the UKBA's requirement for a Tolstoyesque dossier of details on visa applicants, one may be able to sympathise with Roman Abramovich's immigration troubles.