Leadership Beyond the Pandemic
posted 22nd March 2021
It's fair to say that most law firm leaders have dealt with the challenges that we have faced over the last year, very well. Furloughing staff in Lockdown one, and reducing costs wherever possible, the acceptance of government support and a gradual re-opening of work flows, has left most firms in a stronger financial position than they were prior to March 2020.
However, the true value of leadership will be demonstrated during the "coming out of lockdown-phase-three and beyond". There will be no further Government support in 2021 and those firms that have used their CBILS loans to fund their PII renewal , will find it increasingly difficult to finance a hardening PII market in 2021.
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