Restructuring law firm partnerships to gain competitive advantage in a challenging market
London, United Kingdom
Event Date/Time: Jun 21, 2012
End Date/Time: Jun 21, 2012
Given the current challenging legal market, they no longer translate into a profitable option. Increasing profits and stabilising your law firm's future can be achieved by restructuring the partnership. However, even before the financial crisis and recession hit law firms, some had been adapting the way they were structured and operating so as to be able to meet the ever more demanding requirements of clients. There are various potential opportunities which arise from the structural and regulatory changes brought about by the Legal Services Act and firms can and should organise themselves to be able to take advantage of these changes. The pace of these changes is getting ever faster, but it is not too late for firms to now put in place the changes that must be made if they are to be competitive in the future - and survive.