Unlocking the Catch-22 of institutional change

Traditionally 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 - the professional partnership is becoming a bit more corporate.

It was this change which prompted researchers from the Centre of Professional Service Firms to study the rise of the management professional and their role in the professionalisation of management in large international law firms.

Updated: 06/02/2013
Views: 5,819

Trust and values in the City

With the recent Occupy movement, the concept of ethics and trust in the City has barely left the news - the perception remains that the City does not serve the wider economy and society.

On October 27th 2011, leading figures came together to discuss a recent initiative to restore trust in the City. The aim of this initiative, established by The Rt Hon The Lord Mayor, Alderman Michael Bear, was to look at practical ways to embed the right values and behaviours in the DNA of every City business and worker.

Updated: 16/12/2014
Comments: 6
Views: 9,604

Playing it safe: Why law firms continue to discriminate on the basis of social class


Louise Ashley

 et al.

It may come as no surprise to read that the UK's leading law firms discriminate on the basis of social class when recruiting but most law firms insist that they value diversity.

One question then is: whydo leading law firms persist in discriminating on the basis of social class? Read the full report to find out more.

Updated: 06/02/2013
Views: 8,018

What is the role of the corporate leader in the innovation process post-financial crisis?

A joint project between Cass and the Chartered Insurance Institute (CII).

Updated: 09/02/2017
Comments: 12
Views: 18,450

Making a difference: the use (and abuse) of diversity management at the UK’s elite law firms

This research suggests that though diversity strategies do little to change organisational cultures, those that recognise both the depth of professional prejudice within the sector and the reality of educational inequality across the UK may prove relatively progressive nonetheless.

Updated: 02/11/2011
Views: 5,875

“They’re not all bastards”: prospects for gender equality in the UK’s elite law firms

Whilst acknowledging that women are often confined to lower paid or marginalised positions, this paper uses qualitative data collected in five corporate law firms in the City of London to question the motives for women's disadvantage and the mechanisms by which it is achieved.

Updated: 02/11/2011
Views: 5,638

Beyond received wisdom: an integrative perspective on organizing professionals

We argue for an integrative perspective on organizing professionals, one which focuses on the dynamic interplay between the professional service firm and the contending, and sometimes conflicting, perspectives presented by the profession, professionals, and their clients.

Updated: 02/11/2011
Views: 5,225

Beyond dichotomies: a multi-stage model of governance in professional service firms

The current working paper argues that these dichotomized models ignore the variety of forms of governance prevalent within the professional service firm sector- in reality a professional service firm will adopt multiple forms of governance over time in response to its increasing scale and complexity.

Updated: 22/09/2011
Views: 7,498

Cass Ethics with Cameron Cartmell: diversity and inclusiveness at Ernst & Young


Edouard Larpin

 et al.

In the second edition of Cass Ethics, Cameron Cartmell a Partner at Ernst & Young tells us how important diversity and inclusiveness are in his firm.

Updated: 01/01/2015
Comments: 2
Views: 9,759