Walker Clark
Worldview Archives
Survival Tools for Small and Midsize Law Firms
Law firms — indeed, most professional services firms — will be confronted by some formidable challenges between now and the year 2030. Consolidation of the legal market, the emerging dominance of large service providers with national and global capabilities, a continued profitability crunch, and increased competition for professional talent are probably the most obvious threats to continued success.
Independent small and midsize firms are the most vulnerable.
Resilience: Playing an Unexpected Poor Hand Well Enough to Win
"We are in a window of change right now. There are certain traditional firms that will die," said Richard Rosenbaum, former CEO and current Executive Chair of Greenberg Traurig.
How can law firms become resilient during unprecedented changes in the profession?
The Coming Seismic Shift in Law Firm Business Development
As legal markets become even more competitive over the next ten years, commercial law firms will need to reconsider many of their long-held assumptions and practices about marketing and business development.
Some firms will negotiate the coming seismic shift well and continue to succeed. Others will not.
Why Law Firms Fail: Failure to Observe and Anticipate
There is no simple answer to the question "why did a law firm fail?"
This is the first in a series of posts that will point out some of the most frequent causes.
The Next Recession: Is your firm ready?
This is the first of a four-part series that examines possible strategies and tactics to prepare your law firm now for the next recession.
Some of them also can produce good results now — even without an economic downturn.
