We are delighted to introduce a two-part video series focusing on the science and art of good partnership governance, where Zulon Begum and Corinne Staves, Partners at CM Murray LLP, are joined by special guest David Patient, Senior Adviser at Travers Smith and strategic adviser to law firms, their management teams and boards.
In this first video, Zulon, Corinne and David discuss:
- How can law firms strike the right balance between concentrated and dispersed governance models as they grow and evolve?
- What systems and processes should firms have in place to enable nimble decision-making and responsiveness to various challenges?
- What emerging issues, such as the impact of AI, should firms be preparing for in their governance structures?
- What are the key elements of an effective governance framework, and how can firms ensure clear roles, responsibilities and accountability?
- Should law firm boards split executive and strategic responsibilities, or is it better to have a more integrated approach?
- What are the “art” and “science” of building trust and confidence in law firm management teams?
- What safeguards can firms put in place to address potential governance issues or breakdowns?
- What insights might the next session on representation, enfranchisement, rotation, and independence offer for achieving good governance?
In part two of this series, Zulon, Corinne and David will discuss representation, enfranchisement, rotation and independence – is this the ‘secret sauce’ to good governance?
If you would like to discuss any aspect of partnership governance, or if you have any questions arising from this discussion, please contact Zulon Begum or Corinne Staves (Partners, CM Murray LLP), or David Patient (Senior Adviser, Travers Smith).
