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Through the darkness: Leadership in an age of austerity

Jill King explores the traits needed to lead law firms in an age of austerity

15 June 2012

The parallels between national politics and the leadership of professional service firms are more evident than ever before. Managing partners rely on partners in various constituencies, just like their political counterparts, to elect them for a four or five-year term of office. If successful, ?they know that they have been chosen largely because their constituents have faith in their commitment to their interests, even if coalitions established in the management team are necessary to ?hold tribal groups together.

Since the financial crisis of 2009, ?the policies of austerity have been the ?only game in town in the politics of the ?UK and across the eurozone. Politicians have slashed public spending and restructured tax regimes against a background of growing unease and discontent from the voting public. In some countries, including England, it has been necessary for political leaders to persuade politicians fro...

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