Practice Management Assessment
Most firms implemented practice group or departmental structures many years ago. However, many have not achieved full lawyer adoption or an empowered practice leadership structure. In today’s market with shrinking profit margins, lateral mobility and sophisticated clients, firms that lack this structure face real changes to maintaining market position and profitability. To be successful going forward, law firms need to have a well-functioning, highly empowered practice structure to run its business units. The LawVision Practice Management Assessments help firms understand the necessary elements for effective practice management: partner buy-in, compensation alignment, firm leadership support, clarity in roles and expectations, collaborative environment or culture, professional support and more. We evaluate each of these areas vs. the best practices in the most successful firms using our experience working with over 50% of the AmLaw 100 firms and the research conducted for our leading books on this topic. With this input, your firm can achieve higher levels of practice group profitability, lawyer morale and market position.