In this paper, we empirically examine how professional service firms are adapting their promotion and career models to new market and institutional pressures, without losing the benefits of the traditional up-or-out tournament. Based on an in-depth qualitative study of 10 large UK based law...

In this paper, we start a new conversation about how career paths affect innovation capacity in professional service firms (PSFs) that face escalating pressures from clients to deliver more ingenious solutions plus enhanced efficiency. Using top-tier law firms as an illustrative case, we...