Most law firms hope to exist for many decades to come. But most law firms’ focus their energy on meeting quarterly or yearly targets.
But research shows that companies pay a steep price for not extending their gaze beyond the next 3-12 months. These companies tend to have significantly lower growth over the long-term.
One way that firms can increase their long-term longevity is through instituting “20% time”. In the book Drive, Daniel H Pink writes that “20% time” refers to the percentage of working time that employees are encouraged to work on any project that they wanted.
Google . . . [more]