LawVision INSIGHTS Blog

Archive for Strategic Planning Category

Posted In: Law Firm Resilience, Legal Sales, Strategic Planning

Avoiding unnecessary risk to your book of business

Don’t drown, turn around! I hear this on the news every time we experience unprecedented rainfall (which we do from time to time

Read Full Article »

Posted In: Strategic Planning

The Dollars are in the Details

Last week’s post (At the Expense of Marketing & Sales: Building a Better Budget) offered critical thinking tips for what to include – or

Read Full Article »

Posted In: Business Development, Legal Sales, Strategic Planning

At the Expense of Marketing & Sales: Building a Better Budget

The most common six-word phrase in use at law firms? “What charge code do I use?” Perhaps I exaggerate to make a point.

Read Full Article »

Posted In: Practice Group Management, Talent Strategy

Winning the War for Talent with Your Practice Groups – Part 2: Understanding the impact of lawyer attrition and taking action

  In Part 1 of this series, we discussed the statistics underlying the Great Resignation, research on engagement, and some of the actions

Read Full Article »

Posted In: Practice Group Management, Talent Strategy, Team Performance

Winning the War for Talent with Your Practice Groups – Part 1: The role of Practice Groups (and Practice Group Leaders) in preventing the “Great Resignation” at your firm

Every week, there is an article about the Great Resignation or Great Reshuffle called in Big Law. So, how can practice groups and

Read Full Article »

Posted In: Benchmarking Research, Compensation & Performance, Profitability

Cash Management Actions to Drive Profitability

Great attention is paid to rate and pricing strategy for many law firms but, paradoxically, managing cash flow well is frequently overlooked. Imagine

Read Full Article »

Posted In: Legal Project Management, Profitability

Legal Project Management: Have You Noticed Your Profits?

Legal project management is all about improving your outcomes. Many firms have an enviable client roster, a strong track record, and deep practice

Read Full Article »

Posted In: Compensation & Performance, Legal Process Improvement, Pricing Strategy, Profitability, Talent Strategy, Team Performance

2022 Profitability Strategy Checklist

While we are in the early days, 2022 has already delivered many gifts to us, including stock market volatility, high inflation, the advent

Read Full Article »

Posted In: Compensation & Performance, Profitability, Talent Strategy

Shifting the Conversation on Associate Compensation: From “What Can We Afford?” to “Where Should We Be?”

There may be no single economic challenge facing law firms today bigger than the current war for talent.  Driven by transactional practices, the

Read Full Article »

Posted In: NewLaw Business Models, Pricing Strategy, Profitability, Strategic Planning, Talent Strategy

Lost Momentum in the Evolution of the Law Firm Business Model

In the midst of a global pandemic, the legal industry has remained incredibly resilient as the demand for services – particularly deal support

Read Full Article »