Nick Jarrett-Kerr's Blog
The November 2010 issue of Managing for Success is now out and includes an article by me on the above topic. A slightly fuller version of the article is reproduced below
Facing the Facts – Confronting the fallacies and half-truths which can delude law firms
By Nick Jarrett-Kerr
One of the biggest challenges facing law firms today is not …
Read MoreMy article on the above appeared in the October issue of New Law Journal, and is reproduced below
Internal Affairs – the attributes of the truly professional lawyer
There was a time, several decades ago, when solicitors were widely regarded – in what was then a male-dominated profession – as “men of affairs”, able to advise clients …
Read MoreStrategies For Tomorrow’s Law Firms
I gave a two hour presentation on the above topic at the Law Society last Friday and my talk was very well received. Amongst the comments were
“a sincere thanks for the show on Friday – it was really very impressive”
“I very much enjoyed your lecture this afternoon”
“It was certainly thought provoking”
“I really enjoyed …
Read MoreIf you always do what you have always done….
It is all too tempting for law firms to try to continue with historic and outdated strategies, relying on past successes for future prosperity. The problem is that traditional strategies, business recipes and working methods are no guarantee of future success especially in difficult and competitive times. My …
Read MoreHalsbury’s Law Exchange
I am honoured to be appointed as a member of the Board of Halsbury’s Law Exchange which has just been launched by LexisNexis.
Halsbury’s Law Exchange is an independent and politically neutral think tank which contributes to the development of law and the legal sector. It aims to communicate ideas on reform or legal …
Read MoreMany thanks to Charon QC for interviewing me on podcast today. It was fun and very stimulating. Here is the link to the podcast
The very impressive Law Business Review (Published by LexisNexis) is also out and contains a long article by me on Law Firm Positioning. Here is a link to that…
Read MoreVariations and Hybrids of Lockstep
My analysis of Partner Compensation and Profit Sharing today takes a look at the many variations to the lockstep system operating around the world.
Very few firms have retained pure lockstep for their partner remuneration and more radical and innovative solutions have also made their way into the structures of many firms. In …
Read MoreHow Lockstep Works
In the UK, Europe and Australia, 50% to 70% of partner remuneration[1] is still largely based to some extent on a lockstep system but the use of pure unadjusted lockstep continues to fall steadily in these jurisdictions. Instead, hybrid forms of lockstep are slowly growing in which performance related adjustments of some …
Read MoreThe Trend towards Performance Related Profit Sharing in law firms
In recent years there has been a marked shift in law firms toward performance related partner remuneration. There seem to be at least four factors at play. First, It has been broadly felt that a performance related system helps to incentivise partners or that secondly it …
Read MoreWhy law firms are re-examining profit sharing structures
A number of influencing conditions or factors in the market place are persuading firms to abandon their previous more egalitarian model of equal profit sharing and to move towards a structure which has at least some performance or merit element. The first influencing factor is that firms can …
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