The evidence suggests that most managing partners are unable or unwilling to learn from their errors. Their firms pay the price.
February 05, 2016 at 02:09 PM
1 minute read
In January 2014, the annual Georgetown/Peer Monitor Report on the State of the Legal Market urged law firm leaders to shun a “growth for growth’s sake” strategy. The year 2013 had been a record-setter in law firm mergers; lateral partner acquisitions were the centerpiece of what many big law firm leaders passed off as a “strategic plan.”
The report offered this damning observation:
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