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For (1), I think it will probably consist in more efficient allocation of responsibility and decision-making. Complex and multi-layered management systems are known to produce a dilution of responsibility, where people in do not know who has ultimate ownership of what. This can lead to delays in resolving workstreams and thus to client dissatisfaction. More importantly, it can increase the likelihood of conflicts and thus have a negative impact on the firm's culture. Finally, a single management system should allow the firm to reduce the bureaucracy and to take important decisions more quickly, which is a substantial advantage in such a fast-moving field as commercial law.@Ram Sabaratnam @Andrei Radu i had two questions: 1. what are the benefits of a firm having a single management structure? 2. what are the differences between a firm’s corporate securities and corporate securities technology department? thank you!
For (2), I cannot give you a very clear answer unless you can provide more information. "Corporate securities" typically refers to securities in the sense of stocks and bonds, a line of work normally covered by a firms' capital markets departments. "Corporate securities technology" could refer to a tech companies-centered capital markets practice (as some firms further split practice area groups between different economic sectors), but the wording is also reminiscent of corporate security technology, which relates more to cybersecurity and other measures meant to protect a company's assets and data and to ensure compliance with regulations.