Growth Strategies for Law Firms

Growth Strategies for Law Firms

Law firms that grow intensively can experience problems maintaining strategic focus, structural alignment and personnel balance.  This article proposes a process through which management can plan a law firm´s future, by defining a strategy and choosing a growth avenue. We describe four growth strate...

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Bibliographic Details
Main Authors: Niels Ketelhöhn, Octavio Martínez Argüello
Format: Article
Language:English
Published: OmniaScience 2018-07-01
Series:Harvard Deusto Business Research
Subjects:
• Estrategias genéricas
estrategias de crecimiento
crecimiento orgánico
internacionalización
diversificación
fusiones y adquisiciones
firmas legales
Online Access:http://www.hdbresearch.com/index.php/hdbr/article/view/133
Description
Summary:Law firms that grow intensively can experience problems maintaining strategic focus, structural alignment and personnel balance.  This article proposes a process through which management can plan a law firm´s future, by defining a strategy and choosing a growth avenue. We describe four growth strategies and use benchmarks of a sample of 150 law firms stemming from all Latin America to describe the typical leverage and growth levels found in the region.
ISSN:2254-6235

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