Useful piece to reflect on when approaching year end and facing the inevitable pressures of the yearly obsession with this year's PEP.
At a time when investing strategically to reframe your offering to a rapidly developing market is crucial - and neither easy nor inexpensive, worth reflecting on the best route.
But as a general approach for most firms, the pursuit of healthy, sustained organic growth should, alongside strong financial management, be a far more central goal. The notion that you can retrench to global victory is becoming a dangerous myth at the upper reaches of the legal profession. Far from sanity, the never-ending dash for partner profits above all other considerations is starting to look more like a form of collective madness.