De-skilling globalising law firms

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Yet another great piece at SMS – also not yet published – from Susan Segal-Horn and Alison Dean. What happens when corporate law-firms go international? Seems from in-depth research on their reports that – amongst other things – they start de-skilling, with a larger proportion of work being done by non-qualified lawyers [paralegals etc.], and start reporting their performance differently. Instead of reporting ‘profit per equity partner’ they focus on profit per partner [all types] and ...

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Smart airline strategy for the melt-down

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Seeing the sector is anticipated to lose $5bn this year, and more in 09, who managed strategy well over the last 5 years? .. which of course would include anticipating and planning for the inevitable down-turn? Competent strategic management for most firms would imply [a] anticipating a scenario in which demand would take a tumble – for whatever reason .. doesn’t have to be due to oil prices [b] holding back on expansion plans that would be marginal or unprofitable under lower-demand ...

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Heroes of declining business

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We love to hear about the fantastic stories of growth when firms create and capture huge new opportunities, but strategy is just as important in declining sectors. Anyone out there fancy heading up Kodak’s camera-film business or Blockbuster’s video-rental stores? Finding new growth opportunities is critical, of course [e.g. print-production from digital images] but the imperative to squeeze value out of declining sectors can often contribute considerable value [Fuji, for example, suffered far less in the falling camera-film market than Kodak – a ...

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