It is becoming clear that some partnerships, particularly those in the professional services sector, are close to an inflection point.
Forward looking firms have done surprisingly well through 2020, but for others, many problems that ought to have been addressed long ago have been brought to a head by the stresses of the pandemic.
These may include poor performance or behaviours, inadequate investment in technology, poor staff engagement, badly drafted or non-existent policies and procedures or a succession issue. Leadership failings and strengths have also been laid bare in this context.
Significant changes are therefore inevitable; and those firms willing to grasp the nettle and take tough decisions will b...