Revisiting Strategy & Partner Compensation in a Post-Pandemic World

The pandemic presented a big scare to many law firm leaders. Many began to question whether their firms were properly insulated from economic crosswinds, whether they had the right practice focus, the right operational footprint, the right people on board. Many grasped that a decentralized governance model and indulging the partners' preference for autonomy left the firm in a potentially vulnerable position. Law firm leaders are beginning to think differently about how they go to market, what contributions matter, and how to protect against the uncertainties of a challenging market.