Walker Clark
Worldview Archives
Why Law Firms Fail: Failure to Invest
One of the most difficult challenges for law firm leaders is to lead their partners from a short-term focus on cost (and the effects of operating costs on their end of the year profit distributions) to an investment mentality.
This is the second in a series about factors that most frequently contribute to the business failure of law firms.
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.
Is a network a good strategic investment for your law firm?
This is the fourth and final article in a series of posts that consider the future of professional services networks. It investigates the links between law firm networks and law firm strategy.
Understanding the Investment in Professional Services Networks
This is the first in a series of four posts that consider the future of professional services networks, with particular reference to their strategic value for law firms.
We will suggest three perspectives from which the future of networks should be considered, and from which law firms that are members and prospective members of those networks should engage in an ongoing evaluation of whether participation in a network is likely to continue to produce a reasonable return on investment.
