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ARTICLE · 09 AUGUST 2021

Out With The Old... In With The – High Risk Strategy

Applied Strategies, Inc.
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A dearth of imminent leadership to ensure the firm is positioned to move forward.

CanadaLaw Practice Management
Stephen Mabey
Stephen Mabey
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Not a new phenomenon but one that seems to be in vogue for small to medium size firms lately is jettisoning of senior lawyers and not always on the firms' initiative!

There is lots of speculation of reasons why the increase, that while they run the gambit of logic are for the most part driven by perspective:

Senior partners losing faith in the future of the firm for several reasons, including:

  • A dearth of imminent leadership to ensure the firm is positioned to move forward.
  • An eroding client base that makes current income levels unsustainable.
  • A sudden self-awareness that their historic leadership has resulted in a firm with an imbalance between leading "grinders" but skillful "finders."

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