Oliver Brice considers whether the rise in consultant law firms is destroying the foundations of partnership
The UK’s partnership model of legal practice is one that has endured, influenced and underpinned the success of the industry for centuries. Until recently, it has been regarded as seemingly unshakeable. 20 years ago, it would be almost unthinkable this model would face an existential threat. However, partnership as the model for successful legal practice, and the signifier of individual career success, is being challenged.
As recently reported in City A.M., analysts suggest the ‘new model’ consultant firm “will become the dominant model among high street and mid-market law firms in the ...