Walker Clark
Worldview Archives
Knowledge Management: The Bottom Line(s)
Is "knowledge management" worth the investment?
Even now, well into the 21st century, I frequently hear this question from managing partners, practice group leaders, and other fee earners, especially those in smaller law firms with limited resources to invest in technology.
Internal Value: A Hidden Opportunity for Law Firms in Professional Services Networks
The internal value of membership in a professional services network has the potential to have a much greater positive impact on a law firm's bottom line than even a robust flow of referrals from other network members. In some firms it could be the compelling reason to join a network.
Currently, internal value is a largely unknown concept for most networks and their members. Law firms should now consider to what extent professional services networks could help them to increase the productivity and profitability of their internal operations.
