News: Performance Management
Legal giant turns to training and management development to restore profits
05 June 2008
Immediate investment in staff training is one measure being taken by bosses at a Manchester legal firm seeking to ward off plunging profits.
According to the Manchester Evening News, Halliwells will also inject over £100,000 into management development for its partners as part of the move to safeguard its income.
"Our future success will depend on having the right people with the right knowledge and skills in place to run the firm," managing partner Ian Austin remarked to the paper.
"We are still winning new business and driving the practice forward," he added.
In a report compiled by professional services firm Deloitte last month, businesses across the country were urged to become more "dexterous and creative" in their management of staff performance and development.
The document, entitled Have You Got Talent, was the result of interviews with 58 of the world's leading enterprises, and suggested that demand for talent is rapidly outstripping supply worldwide, making it imperative that bosses home in on training for existing employees alongside the recruitment of additional skilled staff. 
