The legal industry is under pressure like never before. With demand flat and competition increasing, many law firms and legal departments alike are trying to do more with less. The good news is, there are alternative resourcing strategies that can provide a competitive advantage.
A SWOT analysis is a simple yet highly effective strategic tool to evaluate your organization. For your legal organization, you will evaluate the Strengths, the Weaknesses, the Opportunities, and the Threats. Completing this analysis helps you set your strategic plan (and budget priorities) for the coming year.
On September 26th at TalentLaunch in suburban Clevelad, we gathered 9 legal industry thought leaders (in-house counsel, law firm partners, law firm CFOs, and Plante Moran’s law firm practice partner) to discuss the pressures law departments and law firms face and how they can work together better. In attendance were various General Counsels, in-house counsels, Managing Partners of law firms, law firm pricing analysts, and members of various alternative legal service providers and legal technology companies.
Here are the highlights:
A thriving organization where your team is brilliant, high-performing, responsive, and client-focused isn’t one where competition is so fierce that people are pitted against each other in some sort of race to survival. A brilliant, high-performing, responsive, and client-focused organization is one where people genuinely want to help each other and their clients.
Once the calendar hit September it’s not just back-to-school season, it’s also Continuing Legal Education (“CLE”) season. The annual scramble to fulfill your state bar requirements for CLEs while also serving your clients, getting your work done, and finding time to spend with your family and friends.
Today's announcement that EY acquired Riverview Law has been bouncing around my head all day and I've finally figured out why. This acquisition along with 3 other 2018 New Law transactions have legitimized New Law.