Jeffrey Lowe of Major Lindsay Africa shares 13 insights on the future of law firms. Worth a read, especially the parts of growing and stagnent markets. He too emphasizes the need to develop competent leadership in law firms:
"Now more than ever, firms that lack competent leaders, sound strategies or both will be extremely vulnerable. Some firms have already begun to gravitate toward more professional managers/leaders, forcing partners to cede some measure of control to professional business men and women who are more accustomed to managing in these types of competitive environments (though this has not always been successful). Succession will be a huge issue in the decade ahead, and it is unclear whether the traditional “player/coach” model can survive in the 21st century."