Walker Clark
Worldview Archives
Six Months from Failure?
An article posted today in the Law Society Gazette suggests that as many as 5,000 small English law firms and solo practices could be forced out of business within the next six months. Most of these firms are retail firms, or "high street" firms, that primarily serve individual clients and small businesses in relatively small matters, such as real estate conveyancing.
The problem is cash flow.
A Quick — But Not Easy — COVID-19 Strategic Checklist for Law Firms
The March 9, 2020, issue of Bloomberg Businessweek contains a practical strategic checklist to "make your company disaster-proof-ish."
The nine steps listed in the article apply with full force to law firms, especially small and midsize ones. It should be required reading for every law firm managing partner.
Does your law firm have a war plan?
At no time since the 1960s have the signs been more ominous.
One increasingly has the sense that the increasing tensions between the United States and North Korea will not end well.
If your practice involves Asian clients, cases, or transactions, especially in northeastern Asia, you should develop a "war plan" now.
After We Hit the Iceberg
The massive systems failure at Delta Airlines on 8 August 2016 disrupted operations for more than 48 hours and left tens of thousands of Delta passengers stranded.
Delta Airlines is one of the largest airline companies in the world, with perhaps the world's largest and most sophisticated operations systems, but Delta's experiences over the past several days provide sobering warnings to even the smallest law firms that take don't take disaster planning and client relations recovery seriously.
So, before we all get into too much of a high dudgeon about Delta Airlines and other air carriers that have experienced similar systems problems, let's look at your law firm. There are some good lessons to be learned from Delta's misfortunes this week.
Fire? Flood? Storm? Earthquake? Epidemic? Plague of Locusts?
To help our clients prepare for, and respond to, emergencies better, Walker Clark LLC has studied how law firms respond — or fail to respond — when a disaster strikes.
We have identified four common but usually critical weaknesses in law firm disaster preparedness. These are not the only potential problem areas; but a weakness in any one of these areas poses a very high risk to the continued success — indeed, the continued survival — of a law firm.
