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Death of a Law Firm: Staying Strong in the Global Legal Market

Death of a Law Firm: Staying Strong in the Global Legal Market

          
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About the Book

For decades, law firms have had one of the most successful business models around. Having weathered many storms, threats, and changes, law firms have managed to increase their profits almost without interruption over the years. As a sector, they have succeeded in growing at a faster pace than the economy in which they operate. Most partners are confident that, one way or another, this will also be the case in the future. Death of a Law Firm argues that now, for the first time in history, law firms are at an existential crossroads. Taking the wrong direction might very well lead to collapse: the death of a law firm. Dark clouds are building heavily in the sky. When the right measures are taken, it is perfectly possible not only to survive the coming storm but to come out even stronger than before. To compensate for the eroding effect of commoditization, law firms have to change their business model. However simple it might seem, changing a business model might be one bridge too far for most firms. As this book argues, the inner workings of law firm partnerships are rigged against change. In reading this book, you will gain an unprecedented insight into the psychology of the partner group--or maybe even a confronting look in the mirror. The good news is that the global legal market will continue to grow. We are not in a shrinking market. The players in the market, however, will be significantly reshuffled in the next five years, leading to the rise of some and to the death of others. Read the book and make sure your firm ends up in the right category.
About the Author: Jaap Bosman, from the Hague, South Holland in the Netherlands, is a leading strategy consultant and an investor. He is one of the founders of TGO Consulting a strategy and positioning boutique which operates from New York, The Hague and Hong Kong. His achievements have been recognized in 2013 by the Financial Times with the first ever Innovative Lawyers Award for International Strategy. He is also a winner of the Thomson Reuters Excellence in Legal Marketing Award. Jaap is an engaging speaker and is considered one of the worlds' thought leaders on the future of the business of law. He is a regular contributor to the ABA Journal and other magazines across the world. Lisa Hakanson is a strategy consultant and business analyst. She started out as an in-house lawyer in the upstream Oil & Gas industry. She has over fifteen years of experience in the legal sector and has worked internationally throughout her career. With strong research and analytical skills, she has been working in the area of business development at the law firm side. She has been involved in strategic client development, market analysis and conducted financial analysis. Lisa graduated with honours in law from Stockholm University and holds an LL.M. cum laude in International Business Law. She is a co-founder and director at TGO Consulting, a business strategy boutique for the legal sector.


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Product Details
  • ISBN-13: 9781634258494
  • Publisher: American Bar Association
  • Publisher Imprint: American Bar Association
  • Height: 226 mm
  • No of Pages: 200
  • Spine Width: 10 mm
  • Weight: 272 gr
  • ISBN-10: 1634258495
  • Publisher Date: 01 May 2018
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Sub Title: Staying Strong in the Global Legal Market
  • Width: 152 mm


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