"Predictions of the dissolving small to midsize firm have been circulating so long that many have normalized the concept and consider it fact rather than a prophecy. "Small to midsize law firms will cease to exist in the next few years." "Large law firmswill acquire small to midsize law firms until they no longer appear in the legal industry." "Only mega firms will be part of the future." Have these predictions come true, or is this some kind of self-fulfilling prophecy? To prevent such a decline, smallto midsize law firms must make the conscious decision to address underlying factors that put them at risk. They must not buy-in to these age-old predictions but rather be managed more intentionally, more effectively, and with more awareness than their upsized industry competitors. Firm awareness is necessary. Firms must take stock of their strengths, their weaknesses, and stay vigilant when it comes to their progress--keeping an open mind when it comes to assessing challenges and opportunities. It's muchlike the fable of the tortoise and the hare. While big firms may be perceived as having more resources and therefore better opportunities to progress and persist, we know that small to midsize firms are more highly motivated, strive to be better prepared, stay focused, study their competition, do not shy away from effort, and continue to modify their performance to steadily increase their success. Managing a small to midsize law firm requires considerable ingenuity"-- Provided by publisher.
Successful law firms are focused on client service. Beyond that, however, to remain relevant and successful long term, it is imperative that they also institute effective management strategies, processes and initiatives to govern the business operations of the firm. Focusing on small to mid-size law firms, Thriving! Not Just Surviving includes practical information regarding financial management, lawyer training, client development, technology, cybersecurity, risk management and other firm management topics. The information shared includes strategies to help determine how to identify firm culture, why it is important and how processes can work within certain cultures. Managing for success begins with understanding the firm, organizing a plan, delegating authority and accountability, implementing strategies, evaluating consistently, looking forward, being pro-active and being collaborative and committed. This book is designed to provide that framework for a small to mid-size law firm.
