Making Sense of Law Firms: Strategy, Structure and Ownership1. Law firms as a response to the environment 2. The theory of the law firm 3. Law firms as business organisations 4. Law firms as client-driven organisations 5. Law firms as social organisations 6. Law firms as economic organisations 7. Ownership of law firms 8. The way ahead |
Contents
Understanding the Environment | 3 |
Economic Environment4 1 4 The Professional Environment | 10 |
Law Firms as Organisations | 23 |
Copyright | |
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Common terms and phrases
ability achieve activities adhocracy analysis appraisal assessment assets behaviour billing cash flow chapter Clifford Chance competitive costs create culture current assets depend diversification economic effective environment equity partners example expectations expertise exponential growth factors fee income fee-earners financial capital firm-specific capital firm's growth human capital important increase individual and firm-specific individual capital industry integrated entrepreneurs internal investment involved issues know-how businesses law firms lawyers legal practice legal services managerial managing partner matter ment merger Mintzberg monitoring moral hazard motivation opportunities organisation paragraph partnership of integrated performance potential practice areas productivity profes professional profit profit-sharing psychological contract recruitment relationships result rewards risk role self-concept senior sharing sole practitioner specialisation strategy structure successful support staff surplus client needs Sveiby and Lloyd tacit knowledge theory transaction transaction costs unsystematic risk usually