Professional Documents
Culture Documents
Business and Practice Strategies: Potential Drivers of Change Regulatory regime change Technology (r)evolution Demand down / client bargaining power up Seeking competitive advantage
Do Business and Practice Strategies Vary by Firm Type / Strategy? Global one-stop shop Capital markets focused Boutiques Category Killers "Hollow Middle
Do Business and Practice Strategies Vary by Matter Segmentation? Bet the company High stakes Run the company Commodity
What Do New Staff Positions Tell us about Business and Practice Strategies? Pricing Project management Innovation "Strategic initiatives"
What Does a Staffing Histogram (Fingerprint) Tell us about Business and Practice Strategies?
Source: Thomson Reuters Peer Monitor, distributed at TRI Hildebrandt CIO Forum, April 2012 8
What Does Staffing Model Tell us about Business and Practice Strategies?
Barriers to Change
Tension between individual and institutional incentives and goals Resistance to change The billable hour (with apologies to AFA) Little apparent first mover advantage
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