A new logic is emerging within the rarefied world of the law firm
Traditionally sustained by professional autonomy, clan control, and
representative democracy, partnerships are based on ambiguous and negotiated
relationships amongst professional peers, who are the firm's owners as well as
its core producers. But in recent years there has been a growing acceptance
amongst partners in large international law firms that they require more
explicit forms of performance measurement and management and more hierarchical
structures of governance in order to maximise Profits per Partner. In other
words, the professional partnership is becoming a bit more corporate.
It was this change which prompted the researchers to study the rise of the
management professional and their role in the professionalisation of management
in large international law firms.
As part of the research, Professor Laura Empson and a team from the Centre for
Professional Service Firms, interviewed management professionals and managing
or senior partners in 20 large international law firms. A summary of the
findings is now available for you to read below.
What do you think? Let us know in the comments box below.