For those of us who want to grow our firms, it’s an even greater challenge. Getting the bills out the door only takes about a week of work a month, so the rest of the time she juggles the phones. Once you’ve defined a growth metric, the next step is to determine which strategy or strategies will move you closer to that target without adding too much overhead. Wednesday, September 30 2020 at 9:30 pm “But if there are aspirations for growth or skill sets within the law firm that simply aren’t as in demand as they used to be, ... Related “Strategic Planning for Small Law Firms ... Law Firm Strategy. Topics covered will enable you to: Develop a simple model for defining your firm’s growth objectives; If you’re like many small and mid-sized law firms, you’ve at least thought about developing a marketing plan for your law firm. Andrew E. Jillson Director/Co-Founder. No surprise, how many courses were ever offered to you in law school or by your bar association about the BUSINESS of how to manage a law firm (rhetorical question) … Two Key Growth Strategies for Solos and Small Law Firms There are two important ways to grow a legal practice: Expanding into complementary practice areas or new locations. /content/aba-cms-dotorg/en/groups/gpsolo/publications/gpsolo_ereport/2019/september-2019/strategies-grow-your-small-law-firm, Solo, Small Firm and General Practice Division. As a solopreneur or small law firm, growth starts with setting a clearly defined goal on what you want to achieve. There are more law firms with which to compete. The global law firm DLA has overtaken Baker McKenzie to become the top grossing law firm in the world, according to the AmLaw Daily.. With a record-breaking USD $2.44 billion in top line revenue, an 8.6% increase over the prior year, DLA exceeds Baker’s USD $2.42 billion and 4.6% year over year growth. In the last decade a number of technology solutions for legal professionals have entered the market to lighten the load. For some firms, the idea of writing down a plan seems daunting. Goals are often easy enough to identify—maybe you want to maximize your firm’s revenue or be in as many cities as possible or attract the top talent—but the strategy (or strategies) needed to get there is the million-dollar question.There are countless ways to understand law firm strategy. App and listen to the entire 5-part Coronavirus GROWTH Symposium hosted by How To Manage A Small Law Firm Founder RJon Robins.. It’s vital that you make decisions TODAY that reflect where you want your firm to be tomorrow, at the end of this media frenzy and a year from now. Growth Strategies for the Modern Law Firm. This article proposes a process through which management can plan a law firm´s future, by defining a strategy and choosing a growth avenue. About this ... Law firm partners are more concerned as to what the future will bring as they come to terms with the fall out of the Covid-19 crisis. Running a legal practice requires putting on the hat of a business owner and thinking about what’s best for your firm instead of thinking you can continue doing everything alone. To achieve this goal, these small firms need a strategic plan. Thinking Like Your Client: Strategic Planning in Law Firms Written by: ALMlegalintel.com 888-770-5647 almlegalintel@alm.com OctOber 2012 RES-12-02911 Law Firm Leaders Special Report Cover.indd 1 … One of the main contributors to this paralysis is the fear of delegating. Left with no choice, the small business will then look at what it currently has, right where it currently is. For example, a receptionist can help with scheduling, fielding phone calls, returning phone calls, and so much more. In this webinar, learn which strategy makes the sense for you, and walk away with proven tactics to ensure the successful growth … He has an active legal practice that is focused on assisting companies with financial restructuring and business reorganization. Show more Show less . Speakers: The receptionist at our law firm is actually also our billing manager. Law firms facing rising costs, pricing pressure, and the need to invest in staff, resources, and service delivery are finding that growth is not as easy to achieve as formerly, and that market share must be wrestled from the competition. Forget the fancy words, you need a real, living, breathing plan which follows a structured approach to marketing & business development planning. And these hired attorneys provide services based … Software is an integral part of a law firm’s marketing campaign, and there’s a lot new and established firms can do in 2017 to expand their reach, bring in new clients and make more money.. 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