Leading a law firm has always been demanding, but the extent and pace of change engulfing the global legal industry today is undoubtedly taking the challenge to a new level. As a result, leaders of firms are understandably seeking additional guidance and insight as they navigate a complex strategic landscape clouded by unprecedented levels of uncertainty, ambiguity and disruption. The key drivers of these dynamics – which include exponential advances in technology, significant changes in client expectations and buying patterns, and the increasing volume and competitive impact of new entrants and new models – are well documented. The big questions we are now exploring with law firm leaders and partners centre on what this new paradigm means for the traditional law firm business model, strategic decision making, differentiation, organisational structure and agility, the development of talent and the leadership skills needed to deliver fundamental change.
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