How BigLaw firm heads can address uncertainty and other market challenges

Lawyers Weekly Show host Jerome Doraisamy speaks with Colin Biggers & Paisley managing partner Nick Crennan about the biggest issues facing heads of large firms in this financial year, the difference between managing and leading, and much more. Mr Crennan reflects on his 35-year journey with Colin Biggers & Paisley and becoming that firm's managing partner, the state of affairs for Australia's legal marketplace and the challenges being presented, how those challenges compare to previous market cycles, the "tipping point" being experienced, and ongoing presence of uncertainty. He also delves into the distinction between management and leadership, how and why BigLaw firms will shore up particular practice areas and what strategies are employed when doing so, taking a long-term view of the market, the five big issues for FY24, and the role of managing partners.