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Research. Reveal. Refocus

The new commandments for professional service firms?

February 13th, 2012 |

It's strange, but true, the basics are so obvious we often ignore or forget them.

These truths about professional service firms are worth being reminded about:
#1. Professional service firms exist for only one reason: To serve clients.
#2. The people of a firm are critical to serving clients.
#3. Firms that temporarily forget #1 and #2 stumble. Left too long, they fail.
#4. Mergers that do not serve clients and people destroy owners' value.
#5. Owners who don't remember #1, #2, #3, #4 have only themselves to blame.

Reports like this are timely reminders: http://asia.legalbusinessonline.com/news/in-house-counsels-lukewarm-on-global-merger-activity/107827

By George Beatonis a director of Beaton Capital and Beaton Research + Consulting. You can find George on Google+ at +George Beaton.

Posted in Legal, Professional Services | No Comments »

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