Managing Partner’s Business Planning for Law Firms report is a unique, no-nonsense guide. The report is written specifically to help you develop a business strategy that will not only sustain your law firm through tough economic times but make changes that will improve cost efficiency, productivity and client relationships.
This highly-valuable new report, written by Paul Gilbert, examines the now significant challenges to operating a successful, competitive law firm and highlights important opportunities afforded by the changing legal landscape. By analysing successful business strategies in a variety of firms the report will help you establish new best practice and develop the right response for your firm.
Subjects covered include:
- Resource planning, particularly people resources/human capital;
- Trainees…deferment, cancellation or business as usual?
- Preserving talent in recessionary times;
- Ensuring that your business plan is aligned with the needs of clients;
- Engaging heads of practice group and other relevant people in business planning;
- Threats and opportunities from the Legal Services Act;
- Procurement and differentiating your firm in a panel review;
- Refocusing/restructuring areas which have been affected by the downturn;
- Cost/fee models;
- Reviewing expenditure – what to consider when making cut backs;
- Emerging from the downturn with a strong and competitive market position;
- Ensuring support functions are adding maximum value. Is it wise to make cut backs on CSR, marketing, diversity, IT, etc.?
- Looking at short, medium and long term plans.
This report provides a significant insight into the client point of view, with particular feedback as to what represents high quality, value added service from the client perspective.
"Paul has a refreshing style of approach - commercial, considered, honest, perceptive." — Andrew Bennett, Chief Executive, Business Services Group at DLA
"Paul Gilbert truly understands the actual issues being faced by law departments today - performance measurement, how to demonstrate value, required skills, organisational models - and responds to these issues in an innovative manner." — David Greaves, Vice President and General Counsel, SITA
Chapter 1: Resource planning and the value of your people
Chapter 2: Ensuring that your business plan is aligned with your clients’ needs
Chapter 3: The growing importance of the panel review process
Chapter 4: Creating a firm-wide strategy for your business plan
Chapter 5: Adding significant additional value for successful client engagement
Chapter 6: The business cycle of the economic downturn – preparing for recovery
Chapter 7: The law firm model following deregulation and post-recession
Chapter 8: The business strategy
Chapter 9: The world has not ended