More and more professionals in high-stress environments are looking for alternatives that allow them to earn less and enjoy more time off. This trend comes at a time in the legal profession when lawyers are working harder than ever, and partners are working harder than associates. A group forming a firm must discuss just how hard the lawyers are willing to work to build the firm. If some are willing to work 2500 hours a year, but others are willing to work only 1600 hours, problems may develop before you begin. You can't do without it.
Leadership can make the difference between success and failure.
It is the glue that keeps people motivated and working together to achieve common goals. Because of their natural interest in people, the leaders help develop a working environment where employees feel appreciated and partners feel involved. Leadership styles vary, and some seem to work better than others, but style is not so important as having someone there who can see the big picture, who has vision, and who is willing to spend the time and the effort to ensure the firm's success. Particularly in today's tough environment, lack of leadership will spell failure probably more quickly than any other deficiency. Firm governance and management.