Frequently Bought Together
Customers Who Bought This Item Also Bought
by Edward Wesemann
|
Managing the Modern Law Firm: New Challenges, New Perspectives by Laura Empson |
Aligning the Stars: How to Succeed When Professionals Drive Results by Jay W. Lorsch |
by Arthur G. Greene
|
Anatomy of a Law Firm Merger, Third Edition: How to Make--or Break--the Deal by Hildebrandt International |
Editorial Reviews
Review
`"This is an essential book for your library - one to which you will refer again and again...The book provides an excellent template for any professional service firms looking for new capital sources, merging, divesting, or acquiring another practice." ' Beaton Consulting
Product Description
The legal services marketplace has become ever more competitive. Identifying a robust business strategy and sources of competitive advantage are difficult challenges for law firms today. The review of legal services carried out by Sir David Clementi, leading to the UK Legal Services Bill, paves the way for yet more change, competition and consolidation. As well as reviewing the way that law firms are regulated, the bill will de-regulate the ownership of law firms, so that they can be made public or owned by multi-disciplinary principals. For the first time, firms now face the prospect of not being wholly owned and managed by lawyers, and of being able to seek capital in the general finance markets in the same way as other businesses.
Stephen Mayson has been a consultant to law firms all over the world for more than 20 years, and is one of the most respected commentators on legal practice. In this book, he presents the first in-depth and systematic treatment of strategy, competitive advantage and valuation for the legal services market. The text provides practical guidance for law firms on how respond to the reforms to be introduced by the Legal Services Bill, and in particular how to build and preserve value in the new environment. It explores in detail a range of factors that firms need to address in order to face both known and new forms of competition, and build a sustainable business.
In the first part of the book, the author explores the emerging landscape of legal services. He discusses fair market valuation and the link between strategy, competitive advantage and valuation, before addressing regulation and competition. Here the decline of regulatory barriers (including the Clementi Review and the Legal Services Bill) and the effects of maturing markets are examined, as well as the issues and challenges of consolidation and polarisation of legal service providers, and globalisation. Mayson then examines the nature of competitive advantage, including its foundations and sustainability. In the third section, the principles of valuation, including definitions of value and methods of valuation, are looked at, in addition to an analysis of the drivers of value in law firms and guidance on how to optimise and sustain income. A section on the implications of valuation then focuses on issues such as the possible tensions between individuals and the organisation, collective action and commitment, and the longevity of the firm. In the final section, the author looks at the foundations of strategy, such as: its context; the 'strategic triangle' of services, clients and geography; strategic objectives and risks; the strategic response; and the building of capital for competitive advantage (including a discussion of financial, physical, human, social and organizational capital). The book ends with a discussion of future prospects for the legal services market.
Stephen Mayson has been a consultant to law firms all over the world for more than 20 years, and is one of the most respected commentators on legal practice. In this book, he presents the first in-depth and systematic treatment of strategy, competitive advantage and valuation for the legal services market. The text provides practical guidance for law firms on how respond to the reforms to be introduced by the Legal Services Bill, and in particular how to build and preserve value in the new environment. It explores in detail a range of factors that firms need to address in order to face both known and new forms of competition, and build a sustainable business.
In the first part of the book, the author explores the emerging landscape of legal services. He discusses fair market valuation and the link between strategy, competitive advantage and valuation, before addressing regulation and competition. Here the decline of regulatory barriers (including the Clementi Review and the Legal Services Bill) and the effects of maturing markets are examined, as well as the issues and challenges of consolidation and polarisation of legal service providers, and globalisation. Mayson then examines the nature of competitive advantage, including its foundations and sustainability. In the third section, the principles of valuation, including definitions of value and methods of valuation, are looked at, in addition to an analysis of the drivers of value in law firms and guidance on how to optimise and sustain income. A section on the implications of valuation then focuses on issues such as the possible tensions between individuals and the organisation, collective action and commitment, and the longevity of the firm. In the final section, the author looks at the foundations of strategy, such as: its context; the 'strategic triangle' of services, clients and geography; strategic objectives and risks; the strategic response; and the building of capital for competitive advantage (including a discussion of financial, physical, human, social and organizational capital). The book ends with a discussion of future prospects for the legal services market.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
› Visit Amazon's Stephen W. Mayson Page
› Visit Amazon's Stephen W. Mayson Page
Inside This Book
(learn more)
Key Phrases - Statistically Improbable Phrases (SIPs):
(learn more)
economic income valuation, economic income method, organisational capital, perceived sustainability, internal social capital, chosen strategic option, marginal product approach, asset accumulation method, global legal practice, complementing firm, capitalisation rate, convenience firm, legal aid firms, organisational identification, marginal product model, normative environment, professional surplus, modern law firm, unregulated providers, chargeable time, organisational identity, practice group leaders, realised strategy, external owners, legal services market Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Way Ahead, Emerging Legal Services Landscape, Building Capital, New York, Partnership Council, The Drivers of Value, Sharing the Returns, Clifford Chance, Legal Services Act, The Foundations, Principles of Valuation, Legal Services Board, Clementi Review, Sir David, Executive Committee, Introduction There, South-East Asia, Aligning Strategy, Tangible Asset Value, Equity Partners Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
economic income valuation, economic income method, organisational capital, perceived sustainability, internal social capital, chosen strategic option, marginal product approach, asset accumulation method, global legal practice, complementing firm, capitalisation rate, convenience firm, legal aid firms, organisational identification, marginal product model, normative environment, professional surplus, modern law firm, unregulated providers, chargeable time, organisational identity, practice group leaders, realised strategy, external owners, legal services market Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Way Ahead, Emerging Legal Services Landscape, Building Capital, New York, Partnership Council, The Drivers of Value, Sharing the Returns, Clifford Chance, Legal Services Act, The Foundations, Principles of Valuation, Legal Services Board, Clementi Review, Sir David, Executive Committee, Introduction There, South-East Asia, Aligning Strategy, Tangible Asset Value, Equity Partners Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
What Do Customers Ultimately Buy After Viewing This Item?
 |
57% buy the item featured on this page: Law Firm Strategy: Competitive Advantage and Valuation$106.11 |
 |
14% buy Managing the Modern Law Firm: New Challenges, New Perspectives $76.00 |
 |
10% buy Managing The Professional Service Firm $17.16 |
 |
10% buy Game Plan for a More Profitable and Productive Law Firm: Thinking like a business, creating daily guidelines, becoming better at analyzing your business processes. $13.45 |
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
 |
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
So You'd Like to...
Product Information from the Amapedia Community
Beta (What's this?)Be the first person to add an article about this item at Amapedia.com.
› See featured Amapedia.com articles
Look for Similar Items by Category
Look for Similar Items by Subject
Your Recent History
(What's this?)|
After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in. |
