Governance, structure and ownership: Putting governance in place to support growth
As law firms grow, governance structures that once worked through consensus and informality often come under pressure. Decision-making becomes slower, accountability less clear, and tensions emerge between firm-wide priorities and local, practice or individual interests.
Our work in this area helps firms review and evolve their governance, structure and ownership arrangements in line with their strategy and stage of development. We work with leadership teams and partners to clarify roles, decision rights and accountability, balance interests across the partnership, and support effective engagement. The emphasis is on governance that enables growth, protects profitability and allows the firm to take timely, well-judged decisions.
Our work in this area typically includes:
​
-
Updating governance and structure as firms grow and increase in complexity
-
Balancing the organisational matrix across offices, practices, sector groups and client teams
-
Enabling growth and introducing new partners without diluting profitability
-
Balancing partner interests through effective and efficient decision-taking
-
Ensuring appropriate partnership engagement and commitment