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Good Governance in Law Firms: A Strategic Approach to Executive Decision Making and Management Structures, 2nd Edition

Good Governance in Law Firms: A Strategic Approach to Executive Decision Making and Management Structures, 2nd Edition

Author: Norman K Clark
Publisher: Globe Law and Business
ISBN: 9781787429345

Previous Edition ISBN: 9781909416208
Published In: April 2023
Format: Hardback , 315 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 2,145.00

HKD 2,080.65 Save HKD 64.35 (3%)

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Description
Contents
Author

Details

Good governance has become a critical condition for law firms of all sizes to meet the new, fast-moving opportunities of fast-changing markets for legal services — much more than just having a good partnership agreement.

Our multidisciplinary team of contributors demonstrate how governance has become a unifying and integrating system for a wide range of critical strategic and business issues. The inquiry starts with an overview of modern governance structures in law firms, and how the concept of governance has expanded to include features such as professional managers and partner remuneration systems.

To be effective, a law firm's governance system must facilitate, not complicate, the solution of important internal challenges, such as change management, managing partner performance and succession planning. How can good governance help law firm owners to make better decisions? How can governance incorporate management information and concepts of risk management into the decision-making process?

With new insights and substantially updated guidance derived from the recent developments and disruptions of the past ten years, this Second Edition, published in association with the International Bar Association, concludes with an examination of emerging trends that will shape law firm governance in the future. It provides visionary, but entirely realistic, insights into how law firm governance will need to continue to adapt to new regulatory regimes for the legal profession, stress testing concepts and new alternative business structures.

Introduction

Norman K. Clark, Walker Clark LLC

Part I. Building an effective structure

Strategy drives governance

Leopoldo Hernández Romano & Rocío Vázquez Zavala, Kerma Partners

Fundamental elements of modern governance in law firms

Norman K. Clark, Walker Clark LLC

Governance as an organisingframework for managing the practice and the business

Tony Williams, Jomati Consultants LLP

Governance and structure: supporting the long-term success of a partnership

Michael Roch, Performance Leader

Five keystones for efficient business support operations for your law firm

Iryna Nikitina, IOCONS LLC

Part II. Challenges for law firm governance

Effective decision making in law firms

Sarah Martin, Martin and Levin

Good governance and partner performance

Lisa M. Walker Johnson, Walker Clark LLC

Riding the compensation tiger

Norman K. Clark, Walker Clark LLC

Partner compensation and partnership structure

Martín Carrizosa, Lawyer

Management information – what does the managing partner need to know?

Aku Sorainen, Sorainen

Governing risk

Norman K. Clark, Walker Clark LLC

Succession, retirement and beyond

Lisa M. Walker Johnson, Walker Clark LLC

Part III. Governance in the emerging future

Governance for lawyers in a new era – ‘alternative’ law firms

Stephen Revell

Leading change

Lisa M. Walker Johnson, Walker Clark LLC

Consulting editors

Contributing firm	Name
Walker Clark LLC	Norman K Clark

Contributors

Contributing firm	Name
IOCONS LLC	Iryna Nikitina
Jomati Consultants LLP	Tony Williams
KermaPartners	Leopoldo Hernández Romano
Lawyer	Martín Carrizosa
Making Change Happen	Stephen Revell
Martin & Levin; University of Oxford Saïd Business School; Meyler Campbell	Sarah Martin
MHPR Advisors	Michael Roch
Modum	Rocío Vázquez Zavala
SORAINEN	Aku Sorainen
Walker Clark LLC	Lisa M Walker Johnson