Governance in the Growing Partnership
- Governance structures in law firms are often outdated and ill-suited for further growth.
- Transition points are critical as properly constructed governance and
management can support the overall objectives of the firm. - Good governance structures strike a balance with the firm’s strategy; corporate models offer some ideas for alternatives to the classic ‘partnership systems’.
- While every structural solution is unique, all partners need to adapt to the new structures and back the required changes.