Our firm is in its second generation. While we are proud that we have been in business for over 60 years we also believe we need to re-examine our practice and embrace changes that may be needed for the firm to move forward and remain competitive. We are a 16 attorney firm located in Wisconsin. We have 12 partners and four associates.
More and more law firms are re-examining their business models and approaches and running the practice as a business. You may want to begin by conducting a management review or audit to determine where the firm is presently and where the firm needs to head in the future.
Start by Asking the Following Questions:
I suggest that you conduct a practice management review that will provide you with a clear assessment of the firm’s practices and performance and outline a plan for implementing “Best Practices”. The assessment should focus on:
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John W. Olmstead, MBA, Ph.D, CMC
Posted at 02:03 PM in Competitive Business Models, Financial Management, Strategy
Tags: Law Firm Profit Improvement, Law firm strategy