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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
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 change, competition, foreign firms, investment, law firms, leadership, marketing, partners, planning, strategy, Turkey
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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 carrots, change, compensation, delegation, law firms, leadership, motivation, partners, profitability, quality, staffing, sticks, strategy
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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 2015, 2020, Brazil, change, change management, China, clients, competition, culture, decision making, European Union, foreign firms, Indonesia, Japan, Latin America, law firms, planning, profound change, Russia, South Korea, strategy, Turkey, United States
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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 2013, clients, Coco Chanel, communication, competition, competitive advantages, competitors, differentiation, ethics, Fernando Moreno, knowledge management, marketing, quality, quality assurance, strategy, survival skills
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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 2013, change, clients, decision making, foreign firms, governance, growth, investment, law firms, leadership, marketing, partners, planning, strategy
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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 2013, associates, business plans, change, change management, clients, competition, decision making, fees, finance, foreign firms, investment, large law firms, law firms, mid-size law firms, partners, planning, productivity, profitability, profits, quality, risk, small law firms, strategy, succession
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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 Brazil, change, China, clients, competition, decision making, European Union, foreign firms, investment, law firms, leadership, marketing, partners, planning, profitability, Russia, South Korea, strategy, Turkey
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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 2013, change management, competition, consolidation, foreign firms, growth, lateral recruiting, law firms, mid-size law firms, midsize law firms, partners, planning, strategy
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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 change, change management, mergers, midsize firms, planning, practice groups, productivity, profitability, small law firms, strategy
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