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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.

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