Directors are subject to a fiduciary duty to act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole. But how do we define success? Whilst success will generally mean a long-term increase in value, fundamentally, it is up to each director to decide, in good faith, whether it is appropriate for the company to take a particular course of action.
I’ve been in the legal industry for 13 years and, during that time, the billable hour and most people’s hatred of it has remained constant. Clients and lawyers both recognise the fundamental flaws that it presents, yet a seemingly insurmountable challenge prevents its demise: not knowing what to replace it with.
For high-achieving professionals working in competitive fields, it’s important to find the best way to preserve your mental resilience.
A staggering 39% of law firm partners state that setting up their own law firm is their current career ambition. It’s a stark statistic when you consider the blood, sweat and tears it takes to make partner in many of today’s firms.
I’m delighted to announce that I have been selected as a finalist in the 2021 UK’s leading programme for female entrepreneurs.