Tag Archives: strategy

How do you know?

Perhaps the two most important components of business strategy in professional services firms are to know what your clients want today and how those needs will change tomorrow. Unfortunately, most law firms and lawyers guess at both of these questions. … Continue reading

Posted in clients, law firms, marketing, partners, strategy | Tagged , , , , , | Comments Off

Picking apart a legal market?

The foreign firms continue to pick apart the Turkish legal market. As announced in The Lawyer this morning, the growing U.K.-based firm of Pinsent Masons has agreed to a joint venture in the infrastructure sector in Turkey with former Hergüner Bilgen Özeke … Continue reading

Posted in law firms, leadership, marketing, partners, strategy | Tagged , , , , , , , , , , | Comments Off

Something better than carrots and sticks

What should you do about partners and practice areas that chronically lag behind the rest of your firm in terms of profitability?  Some firms go straight to changes in their partner compensations systems, to add some carrots and sticks that … Continue reading

Posted in law firms, leadership, partners, practice groups, profitability, strategy | Tagged , , , , , , , , , , , , | Comments Off

Which Brazilian law firms will miss the future?

Are Brazilian law firms overlooking strategic opportunities that could strengthen their competitive advantages against foreign firms?   I believe that many of them are. In our firm’s discussions with our clients throughout the world, we have observed that interest in … Continue reading

Posted in clients, planning, strategy | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Survival skills: communicating competitive advantages

Why should someone hire your law firm instead of one of your equally competent competitors? This is the last in a series of nine posts about business skills that will be essential for the continued success of most law firms … Continue reading

Posted in clients, law firms, marketing, strategy | Tagged , , , , , , , , , , , , , , , | Comments Off

Survival skills: managing growth

This is the third of a series of posts about eight business skills that will be essential for the continued success of most law firms in 2013 and beyond. Designing and managing alternative fee agreements to remain competitive and profitable Strengthening … Continue reading

Posted in finance, law firms, leadership, partners, planning, strategy | Tagged , , , , , , , , , , , , , | Comments Off

8 survival skills for 2013… and beyond

This is the first of a series of  nine posts that highlight management skills that law firms will need to ensure sustained financial performance through the rest of this decade. We call them survival skills for 2013 because firms that do not … Continue reading

Posted in associates, finance, law firms, leadership, marketing, partners, planning, profitability, strategy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Advanced strategy for Brazilian law firms

This post discusses the need for national Brazilian law firms to advance their strategic thinking and methodology to meet the new competitive realities of the markets — both national and international — in which they compete. Although expressed in the … Continue reading

Posted in law firms, marketing, partners, planning, strategy | Tagged , , , , , , , , , , , , , , , , , , | Comments Off

An imperative for managed growth

In my recent discussions with law firm leaders and managers from around the world, a very strong theme has emerged among the mid-size law firms, especially in emerging and recently-emerged legal markets. This could be the Big Issue of 2013 … Continue reading

Posted in law firms, partners, planning, strategy | Tagged , , , , , , , , , , , , | Comments Off

After the Gold Rush II: practice group staffing and workflow

This is the second of three posts under the title of After the Gold Rush. Today’s post outlines three post-merger issues that: Are the natural and almost inevitable result of combining two or more practice groups in a merged firm … Continue reading

Posted in mergers, planning, practice groups, profitability, strategy | Tagged , , , , , , , , , | Comments Off