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Managing the Modern Law Firm: New Challenges, New Perspectives [Format Kindle]

Laura Empson

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Descriptions du produit

Revue de presse

This book, edited by Laura Empson, provides a rich blend of historical perspective, scholarly analysis, and practical insight by an impressive group of professionals and academicians. It gives firm leaders plenty to think about. (Managing Partner Forum (US))

...a valuable collection of essays...check out the book (The American Lawyer)

The publication of Managing the Modern Law Firm marks something of a seminal moment in the development of management theory in this market. For the first time... academic and professional heavyweights have faced up to the scale and unique complexity of law firm management. (The Times)

It looks a real winner. (Edward Fennell, The Times (Law) d 06/02/2007)

While most lawyers admire sound organisation, they regard the discipline of management with considerable mistrust. These management sceptics would do better to immerse themselves in a different book Managing the Modern Law Firm, edited by Laura Empson... This is a rich and stimulating blend of practical insight, scholarly analysis, historical narrative, and solid empirical research, written by an impressive array of leading experts. (Richard Susskind, The Times)

Présentation de l'éditeur

The last ten years have been a period of extraordinary change for law firms. The rapid growth of corporate law firms and the emergence of global mega-firms such as Clifford Chance, Linklaters, and Freshfields, have strained the traditional partnership model of management. Some managers of law firms are appalled at the creeping 'corporatism' that they fear may result. However a growing number believe that it is time to move on and adopt more contemporary forms of
structure and management.

Successfully meeting the challenges of this new business environment is vital for the continuing prosperity of law firms. Featuring contributions from both management researchers and legal practitioners, Managing the Modern Law Firm presents the latest insights from Management Studies in an approachable, practical, and relevant manner for lawyers and other professionals involved directly and indirectly with the management of law firms.

Détails sur le produit

  • Format : Format Kindle
  • Taille du fichier : 1277 KB
  • Nombre de pages de l'édition imprimée : 262 pages
  • Editeur : OUP Oxford; Édition : 1 (18 janvier 2007)
  • Vendu par : Amazon Media EU S.à r.l.
  • Langue : Anglais
  • ASIN: B005I9VP4I
  • Synthèse vocale : Activée
  • X-Ray :
  • Word Wise: Activé
  • Composition améliorée: Non activé
  • Classement des meilleures ventes d'Amazon: n°296.577 dans la Boutique Kindle (Voir le Top 100 dans la Boutique Kindle)
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Amazon.com: 3.8 étoiles sur 5  8 commentaires
8 internautes sur 9 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 When the "Partnership Ethos" Encounters the Corporate Model 20 juin 2007
Par Bruce MacEwen - Publié sur Amazon.com
This valuable and multi-faceted collection of essays jointly comprises one of the most sophisticated and nuanced views of how 21st Century law firms are trying to cope with growing pressure on the "partnership ethos" which largely sustained them for a century or more.

The primary source of that pressure is simple: Today's global US- and UK-based law firms have become substantial enterprises in their own right. (Nearly 20 have gross revenues in excess of US$1-billion/year.) Firms such as these can no longer be managed by untutored amateurs, nor can they be governed as Athenian democracies. But if the "Quaker town meeting" style of consensus governance is no longer feasible, firms are equally loathe--rightly so--to turn to pure command-and-control corporate models.

The struggle to reconcile the high-minded and intrinsically precious values embodied in the partnership ethos, with the need to be supple and economically powerful global institutions, is what this book is all about.

While many of the contributors are academics, the approach is by no means "academic." And the final chapter, by Tony Angel, global managing partner of the UK "Magic Circle" firm, Linklaters, is alone worth the price of the book.

Finally, Dr. Empson herself is aware that not all aspects of the partnership ethos are per se good.

* While partnership can form cohesive bonds, it can also work to exclude those outside the blessed fold, such as non-equity partners and extremely high-quality C-level executives.
* Are partners who view themselves as owners entitled to exercise "extreme and inappropriate behaviors"?
* Do clients and potential recruits (your firm's two key aspirational constituencies) understand and value the partnership ethos?
* If the "socialization process" that indoctrinates one for membership in the partnership is too effective, it can "represent a potentially serious block to change more generally...[the] partnership risks becoming a self-perpetuating collection of clones."
* Finally, the partnership ethos can be strengthened not just by preferentially selecting those candidates who embody it but by dealing decisively with those who belong to the partnership but who, for whatever reason, no longer embody its principles.

Incidentally, Dr. Empson just moved (mid-June 2007) from the Said Centre at the University of Oxford to a newly created chair as Professor in the Management of Professional Service Firms at Cass Business School in the City of London.
3 internautes sur 3 ont trouvé ce commentaire utile 
3.0 étoiles sur 5 A general survey of some law firm management topics 24 mars 2011
Par John Gibbs - Publié sur Amazon.com
In recent years the competitive landscape for law firms has changed irrevocably, and models of law firm management developed last century are no longer applicable in the modern world, according to Laura Empson in this book. The book consists of essays contributed primarily by a range of academics, relating particularly to business models for large US and British domestic and international law firms. Contributions include:

Laura Empson: Why partnership is a good business structure for law firms, and the systems, structures and processes needed to make it thrive.

David Wilkins: Why diversity has not worked well for US law firms and remains a challenging issue.

Gardner, Morris and Anand: New practices can be developed within a firm with the right balance of turf, expertise and support.

Uzzi, Lancaster and Dunlap: There is a relationship between the strength of firm-client ties and the prices which firms change.

Huseyin Leblebici: There are various different methods of determining charges for providing legal services, although time costing remains the most popular.

Stephen Mayson: The value of a law firm depends on its financial, human, physical, social and organizational capital.

Peter Sherer: Analysis of the profits per partner, firm size and percentage of international offices of various different clusters of US law firms.

Royston Greenwood: The effect on professional behaviour of the increasing size, complexity and competitiveness of law firms.

Tony Angel: Achieving strategic alignment in a large international law firm.

While many of the topics listed in the book's table of contents are likely to be of considerable interest to practitioners, I found the discussion in most chapters to be too general to be useful, and the topics covered represent only a tiny fraction of what is involved in actually managing a modern law firm. I was disappointed to get to the end of the book without having found any particularly challenging or surprising insights. It is interesting to look at financial data for US law firms (chapter 8), but the data used is available elsewhere and several years out of date. Issues relating to diversity (chapter 3), developing new practices (chapter 4), client relationships (chapter 5) and billing practices (chapter 6) will already be well known to law firm managers and this book has little new to add.
2 internautes sur 2 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 The Challenges of Global Law Firms 5 janvier 2008
Par Janet H. Moore - Publié sur Amazon.com
What makes one modern law firm successful--and another less so? This compilation of chapters analyzes today's multi-national firms and clarifies why some succeed and others fail.

The authors delve into a wide variety of topics--from law firm mergers across cultures, to the morphing of traditional partnership arrangements. As Bruce MacEwen correctly points out in his detailed review, the book thoroughly explores--and challenges-- the concepts of traditional partnership and the partnership "ethos".

Lawyers working for US-based law firms will particularly enjoy the critical analysis of 200 or so large U.S. firms. Some of the results may be surprising, such as that U.S. firms with limited international presences have the highest per partner profits. In addition, the book explains why the firms that internationalized later are usually more profitable. These firms took careful note of the early internationalizers--and learned from their mistakes.

One chapter reveals strategies for successfully launching new practice areas, including giving such attorneys lots of internal support (tangible and intangible). Perhaps surprisingly, hiring a "heroic founding partner" to launch a new practice area does not correlate to the practice's success.

Lawyers at global forms will particularly enjoy the comments about the "Magic Circle" firms and their ability to cultivate a sense of teamwork and partnership despite cultural divides.

This book ranks as one of my favorites of 2007. Any lawyer working at a global firm--or aspiring to do so--will really benefit from this book's insights.
1 internautes sur 1 ont trouvé ce commentaire utile 
4.0 étoiles sur 5 A book for legal firm managers 16 juin 2008
Par Craig Matteson - Publié sur Amazon.com
This book is for those involved with managing law firms, especially those impacted by the move of legal practices from partnerships to corporations and from local firms to behemoths that span the globe. The papers collected here represent recent research on current topics in the legal industry. Their goal seems to be to keep the best features of the traditional firm while accepting the efficiencies and realities of the global corporate legal firm.

The book's ten chapters cover the range of topics in the book in a paper by the Laura Empson, the editor, and Stuart Popham. Chapter 2 looks the decline of partnership and the implications of the rise of the corporate structure in legal practice. Chapter 3 looks at the issues surrounding Diversity in Europe and compares them to the lessons learned from the American experience. Chapter 4 provides a recipe for successfully adding new initiatives to your practice and why failure follows efforts that vary too much from the formula their research revealed.

Chapter 5 covers the issues involved with customers and why marketing is necessary to not on create new customers, but to hold onto your existing base. Chapter 6 looks at the different kinds of value a legal practice has and what that implies about income. In a related area, Chapter 7 looks at the kinds of capital your legal practice has and how you can manage each. Chapter 8 explores the issues of competition in the modern legal practice and the evaporation of the old gentleman's agreements among firms. Ethics and the failure of preserving traditional ethics in some modern corporate law firms is reported in chapter 9. The book concludes with a plea for the preservation of the partnership ethos in chapter 10.

While the book has a definite focus on Europe, there is value for American firms and their managers if they deal in the practice of supporting global clients. You will know more about how your European competitors think and work, if nothing else.

Reviewed by Craig Matteson, Ann Arbor, MI
1 internautes sur 1 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 Guide to the issues facing the modern legal firm 17 juillet 2008
Par Rolf Dobelli - Publié sur Amazon.com
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.
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