PRACTICE MANAGEMENT |
| 4.1 What do you perceive as being the biggest threat for your industry going forward? |
| Inconsistent approaches to liability and structure of professional firms in different parts of the world inhibits a truly effective service across borders. |
| 4.2 What do you perceive as being the biggest opportunity for your industry going forward? |
| Global integration, to provide seamless service on a more effective, cost-efficient basis. |
| 4.3 Are staff shortages still a major problem in the industry? |
Yes |
| 4.4 Do you feel that the partnership model is outdated? |
No |
| 4.5 Do you feel that your company has to move towards a more corporate model in managing business? |
Yes |
| Explain your decision: |
For large professional service firms the corporate model typically provides a more effective structure for responsiveness and decision making, but the partnership model does still promote an ethos of collective ownership and commitment. |
| 4.6 Do you feel the credit crisis will effect your business going forward? |
Yes |
| Explain your decision: |
Slowdown in business and confidence has an inhibiting effect for a period of time until the cycle turns up again. |
