The Failing Law Firm: Symptoms and Remedies

    By David Parnell

    The Failing Law Firm: Symptoms and Remedies

    The Failing Law Firm: Symptoms and Remedies

    By David Parnell

    More than just illuminating the symptoms of a struggling firm, this book shows that by the time most symptoms are revealed, it is often too late for firm leaders to do something about them. This book provides a tool focused toward predicting destabilization, rather than just defining it once it happens, and supplies a blueprint that attorneys, management, and leadership can use in analyzing and planning for the robustness, cohesiveness, and strength of a firm's infrastructure.

    The Failing Law Firm: Symptoms and Remedies

    By David Parnell

    The Failing Law Firm: Symptoms and Remedies

    The Failing Law Firm: Symptoms and Remedies

    By David Parnell

    More than just illuminating the symptoms of a struggling firm, this book shows that by the time most symptoms are revealed, it is often too late for firm leaders to do something about them. This book provides a tool focused toward predicting destabilization, rather than just defining it once it happens, and supplies a blueprint that attorneys, management, and leadership can use in analyzing and planning for the robustness, cohesiveness, and strength of a firm's infrastructure.
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    As institutions, firms face different, and in some cases, more intense structural challenges than most-if-not-all others. They are not held to the same standards of transparency, financial hygiene, and infrastructural-sterility as their publically-traded clients. Leadership and management can all too easily be unprepared for their incumbency and overwhelmed by double duties. The firm’s “product” is highly mobile and prone to flight during even minimal financial dips. And while these are just a few hurdles, they alone are more than enough to bring many corporate CEO’s to their knees. The industry presses on, regardless, and deserves some guidance in its evolution.

    The Failing Law Firm was initially written with the purpose of simply illuminating the symptoms of a struggling firm. But after some research and contemplation, the author came to understand that by the time most symptoms revealed themselves, it is often too late for the attorney, management, or leadership to do something about them. He dug deeper, seeking not only to more effectively define and articulate the various major components of a firm’s embodiment, but, to also understand the ways in which they interact at a deeper, more fundamental level to induce stability or vulnerability.

    This deeper understanding provides readers with a tool that is geared more toward predicting destabilization, rather than just defining it once it is happening. The other side of this coin is a blueprint that attorneys, management, and leadership can use in analyzing, or planning for, the robustness, cohesiveness, and strength of a firm’s infrastructure and embodiment. Importantly, and perhaps for the first time in a single volume, the themes and deeper phenomena that underlie the various components of a firm and how they interact--constructively or destructively--in a matrix fashion are discussed. Chapters include:

    1. The End of Innocence
    2. The Anatomy of a Failing Firm
    3. The Money Press
    4. Law Firm Governance
    5. Policies and Procedures
    6. Law Firm Cultures
    7. Law Firm Leadership
    8. Law Firm Strategy
    9. Law Firm Compensation
    10. Taking Academia to the Office
    11. Sleeping with the Enemy?

    Product Details

    Sponsor Groups

    Tort Trial and Insurance Practice Section

    Publisher

    ABA Book Publishing

    Author

    David Parnell

    ISBN

    9781627223553

    Page Count

    418

    Product Code

    5190502

    Sponsor Groups

    Tort Trial and Insurance Practice Section

    Publisher

    ABA Book Publishing

    Author

    David Parnell

    ISBN

    9781627223560

    Page Count

    418

    Product Code

    5190502EBK

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