The ability to rise in a law firm is – let’s face it – very closely related to productivity. But to move into the real power positions of any organization, including a law firm, you need to show that you can think and act strategically. What would this look like in practice? At a recent [...]
Better business results can only be achieved by a change in process or behaviour, so change management is mandatory in law firms. Yet ironically, partners are the ones who most often stand in the way of change. Law firms hire me to help create a strategic plan for their future. They also hire me [...]
Unhappy lawyers don’t hate the law; it’s often that they suffer a lack of ability in one or more of the many other areas that are required of a great lawyer. Here’s an inventory of the capabilities great lawyers need. Spring is the season for planting. We prepare the soil, we put in seed, we [...]
Now that many law firms have woken up to the value of strategic and marketing plans, it’s time to adjust their compensation systems to motivate lawyers to help achieve those business goals. It makes sense that if you want a group of people to achieve a goal, you reward behaviours that are most likely to [...]
It doesn’t matter how much money the professions spend on programs to keep their people – good people are still leaving in droves. We need a change of strategy. Professional services attrition rates are atrocious, in two ways. First, far too many professionals leave a firm before or in the early stages of partnership. For [...]
When we propose a strong solution to a commonly agreed upon issue in our firm, it can be a shock to then be faced with resistance to that solution. But a little pushback can be a very good thing. If you’ve ever been to a massage therapist after an injury, you’ve probably experienced the magic of [...]
Lawyer attrition is a reality of our industry. Unfortunately, so is a significant lateral hire failure rate. It doesn’t need to be. There are simply, effective ways to protect your investment. A 2013 American Lawyer/LexisNexis survey found that over 70% of respondents identified lateral hires as part of their talent management strategy over the coming [...]
The book, “How Will You Measure Your Life” by Clayton Christensen is filled with valuable life and business lessons. The one I’ll focus on today is the difference between deliberate and emergent strategies, and how they can ideally come into play in a firm. Christensen illustrates this point by summarizing Honda’s entry into the North [...]
How many times have you reflected back on a firm retreat and thought “wow, that was money well-spent”? I worry that we’ve become far too comfortable with the underwhelming performance of one of the most expensive management tools a firm will ever engage in. Most professional service firms have held a retreat before and are [...]
Last week I described four typical leadership scenarios that work against strong marketing ideas: leading blindly, leading cautiously, leading exclusively, and leading self-centrically. This week I’ll talk about how these situations can easily be addressed. My belief is that over time and through trial and error, firm leadership learns that profitability is best achieved by [...]