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Shared ownership models in legal practices

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Published on: 17 March 2016

Published by a LexisNexis Practice Management expert

Table of contents

Original news
What is the structure of this model?
Has the model been modified at all from the other ‘John Lewis’ models to reflect the legal nature of the business?
What challenges does a law firm present in terms of shared ownership?
What are the desired aims of taking this approach to business structure?
How can a business manage the cultural change towards shared ownership?
Are there any risks? How are such models regulated?

Article summary

Practice Management analysis: Could the decision of Stephens Scown LLP to adopt a new shared ownership model open the way for other partnerships and professional firms to follow suit? Paul Stothard, partner at Pathways Management, considers the advantages of this model for law firms and examines some of the challenges.

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