Page 43 - Strategic Planning for Law Firms

In this COVID-19 era of cost cutting, the knee jerk reaction is “Why should I hire an outside consultant? We can do it ourselves.” You certainly can do it yourself and this book showsyouhow. Withproperpreparation and planning, any firm can conduct it’s own strategic planning and draft it’s own effective strategic plan. Some firms, however, prefer outside help. There are benefits to outside
consultants. They’ve done this before and they know what works and what doesn’t. They know what questions to ask and know what answers to expect. They have a body ofexperience,knowledgeandwisdomfrom which your firm can benefit. We’ll discuss the benefits of consultants.
Strategic Planning for Law Firms
Who Should Be in Charge of Strategic Planning?
You need someone in charge of strategic planning. It won’t happen, and certainly won’t happen successfully, if you don’t have someone at the helm. You have two choices – someone internally – the managing partner for example – or someone externally – a law firm consultant. Each approach has its pros and cons. Even when you hire an outside consultant you will need an internal planning chair.
Should You Hire an Outside Consultant?
We Lawyers Are Busy
Strategic consulting takes time, effort and energy, and we lawyers are busy. When left to your lawyers, strategic planning may translate into many meetings and many string e-mails, eating a lot of time.
©2021 Federation of Defense & Corporate Counsel
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SECTION 07 YOUR STRATEGIC PLANNING TEAM