Walker Clark
Worldview Archives
What if our brilliant strategy fails?
Even the best business strategies can be knocked off-course, or sometimes even wrecked, by a crisis that the law firm only vaguely anticipated, if at all.
Some law firms not only survive crises, but actually emerge from them stronger than ever before. Our firm’s observations of the experiences law firms of all sizes, but especially small and midsize firms, worldwide between 2020 and 2022, suggest that you can make your law firm “crisis-resistant.”
You won’t be immunized from the effects of a crisis, but you will be able to resist its most serious effects and recover much more quickly.
What is your business plan for 2020?
Yes, not next year but two years from now.
But even if your law firm is not prepared to move to two-year business planning, the suggestions in this article will help you to improve successful results next year.
Setting Goals That Are Worth the Effort
Success starts when you have a goal?
Not necessarily.
Success is likely only when firms make the choices that are right for them.
Social Entrepreneurship and Law Firm Strategy
The emergence of social entrepreneurship points to a promising specialty market for law firms, in which, as in other areas of legal services, an early entrant with an intensely client-focused and well-managed practice could establish a significant and durable competitive advantage. This creates a market opening for small and midsize firms with well-balanced transactional experience.
In this arena, size is not necessarily an advantage.
Start small. Start now.
The new year has already begun!
We have never had a formal business plan or marketing plan!
Is it too late?
Are we truly doomed?
What is your plan for network affiliations next year?
Business planning should be an intellectually rigorous and disciplined process, not just the last-minute production of a spreadsheet.
Opportunities for network affiliations should be one of several unifying and coordinating themes in planning. In too many business plans and marketing plans, however, they appear to be little more than afterthoughts.
Three Suggestions for Planning for the New Year
For law firms about to begin their 2015 fiscal year, this is when they should be putting the finishing touches on their business plans and marketing plans for the new year.
This post offers a few suggestions on business planning and marketing planning. If you adopt even one of these ideas, you will significantly improve the probability of successful results.
Is your 2015 business plan ready?
For law firms operating on a calendar year basis, a large part of the next 20 to 30 days will be (or at least should be) consumed by putting the finishing touches on the business plan for 2014.
While you're at it, why not write a two-year business plan?
