Firms are getting bigger. Mergers and International expansion may be the main culprits in recent years, bit add the economy slowly returns to growth, plenty of other law firms face the challenges associated with getting bigger.
Some, like the competition for talent are frequently mentioned, but there is another that is less talked about and yet arguably harder nut to crack. It’s the management overhead. Aside from the difficulty and effectiveness of management, how can firms manage the spiralling cost and resource drain?
Whether it’s professional management cost or the time of the most competent partners, it’s easy for it to grow unchecked. What’s the story in your firm?