The world moves fast and if your company’s going to keep up, it needs to be agile. Here’s how to get comfortable with change and keep your business relevant as the business world evolves.
Why law firms have left consulting to accounting firms over the last few decades is a mystery. Accounting firms quickly moved up the value chain and are viewed by clients as strategic partners leaving law firms behind. But Law Firms really should get into the consulting business as evidenced by the fact this morning’s news from thelawyer.com that Eversheds Sunderland’s consulting business brought in over GBP 26 million ($33 million) in 2017.
It is not good enough to be a good lawyer. There are LOTS of good lawyers. On the flip side there is not an abundance of good General Counsels. Think of any professional sport. There are LOTS of good coaches BUT there are NOT a lot of good Head Coaches. The days of a General Counsel being a great lawyer that just weighs in on legal matters are long gone. The modern General Counsel is the CEO of their function and must be viewed as a key business strategist within the company and, especially, the C-Suite.