Timothy C. Lynch
Welcome to the Spring 2024 edition of the GGI FYI Best Practices for Professional Service Organisation Practice Group News. The mission of this practice group is to create a forum where GGI members can share their best practices with one another so that we can learn from each. The breadth of knowledge and the talent in this group is remarkable and inspiring.
We have submissions from all over the globe with contributions from consultants, lawyers and accountants, which is emblematic of the scope and reach of our practice group. In our lead article, Penteris, one of our Polish member firms explores the effectiveness and costs associated with the longevity of Hybrid work. I do not want to give away the conclusions here but it will come as no surprise that the younger generation wants it but it sometimes the too much of it creates a high cost in the form of a lonely work environment, which can lead to burnout. Yours truly provided an article that addresses some of the demographic and generational issues that have served and will continue to serve as the root cause of the tight labor market that is confronting the world of professional services. It is not all doom and gloom though as I offer some strategies that thought leaders have developed to combat this challenge that most of us face.
MGA, one of our Italian members offers an illuminating article on the development of digital currency and the opportunities for growth and liquidity that it offers to our members and their clients. One of our UK members provides an instructive article on what you need to know about the key documents needed when doing a deal in the UK. Last but not least, one of our members in Mexico, articulately writes about the importance of continuing to learn in the complex arena of estate planning and tax especially in light of ever-evolving laws and financial products that are being developed.
I thank all of our contributors for sharing their expertise and I encourage all of you to follow up with them if you have questions or want to learn more about the information in their article. If you have interest in joining this practice group or if you have a best practice that you would like to share with the group via the next newsletter or at one of conferences, please let me know.
Kind regards
Timothy C. LynchResponsible Editor & Global Chair of the Best Practices for Professional Service Organisations (Best Practices) PG
GGI member firmOffit Kurman, Attorneys At LawMore than 10 offices throughout the UST: +1 410 209 6400
Advisory, Corporate Finance, Fiduciary & Estate Planning, Law Firm Services
Timothy C. Lynch is the President of Offit Kurman. He is also a member of the firm's Executive Committee. As such, he is responsible for all of the lawyer operations at the firm and he is heavily involved in the daily operations and strategic planning for the firm. Before moving into these roles, he chaired the Commercial Litigation Practice group at the firm. Tim Lynch is Global Chair of the GGI Practice Group Best Practices for Professional Service Organisations. Contact Tim.
DisclaimerThe information provided in this newsletter came from reliable sources and was prepared from data assumed to be correct; however, prior to making it the basis of a decision, it must be verified. Ratings and assessments reflect the personal opinion of the respective author only. We neither accept liability for, nor are we able to guarantee, the content. This publication is for GGI internal use only and intended solely and exclusively for GGI members.
