The experience of Wolf Theiss with Corporate Responsibility in the field of Education in the Region of SEE 5th Vienna Economic Forum.

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Presentation transcript:

The experience of Wolf Theiss with Corporate Responsibility in the field of Education in the Region of SEE 5th Vienna Economic Forum

TOPICS 1.CR definition for Wolf Theiss 2.Corporate Personnel Development 3.Corporate Leadership Development 4.Development Approach 5.The broader picture

Corporate Responsibility (CR) Corporate responsibility as a management strategy to sustain economical success Partners’ duty to implement corporate responsibility throughout the firm Given the size and standing in the region, Wolf Theiss is also prepared to take responsibility beyond the firm’s core commercial interest and to contribute to the overall prosperity of the region (the “broader picture”)

Corporate Personnel Development Transferring know-how throughout the firm is a considerable factor of competitive advantage Offering best practice advice within the CEE/SEE region requires standardized training Focus on corporate training & development – 222 formal trainings held in 2008 – 8 cross border legal training camps – approx. € 600,000,- annual budget; ~ € 2,500,- per lawyer

Corporate Leadership Development Knowing the law is not enough in competitive markets The right balance of practical expertise, service commitment, social competence and leadership skills is what we should strive for Clear definition, communication and monitoring of values Success of the firm is often dependent on the leaders within the firm

Development Approach Top-down; partners are the role model of the firm Need to balance legal professionalism with new levels of professionalism in management and leadership Goal is to develop high, consistent standards of leadership and management across the firm Training increasingly includes topics like managing and developing individuals, teams and clients

“The broader picture”: Special external educational projects Why a broader picture? What we do: Wolf Theiss Award – 10 th Award in 2009; Budget of € Wolf Theiss Forum – CEE/SEE related topics, ~ 2/year Wolf Theiss round-up – PG Real Estate (12), PG Employment (5)

“The broader picture”: Special external educational projects University course: Case studies – M&A – Simulation of an M&A transaction for 36 students per semester; roll-out planned for CEE/SEE Special sponsoring: – Forum Alpbach (participation of 5 students) – South East European Law and European Integration (LL.M. program) – ELSA (European Law Students Association) – Students 4 excellence – Contributions to private academies