I propose* that you join the most effective law firm leaders in the world and start asking “how,“ rather than “whether.”
Let us start with an illustration. Here are two questions that a managing partner might ask a practice group leader. Which do you think will lead to better results?
Client Question*
While it seems to be a commonly held assumption that corporate and other transactional groups in firms spin work off to litigation teams (and that this is and should be the primary source of clients for litigators/trial attorneys), we aren’t finding any literature or research that supports this premise. Our numbers indicate the
When lawyers first started creating bios of themselves for use in firm promotion, clients generally used them to choose a firm, or to check out who they’d be working with after the firm had made the assignment. However, Michael Rynowecer at The Mad Clientist warns that these days, clients are using attorney bios to assess
Lest any of us get too comfortable in our swivel chairs, a new report from Michael B. Rynowecer, president of the BTI Consulting Group, indicates that in 2018 – despite spending more on outside legal counsel than ever before – clients are using fewer outside firms than ever.
In a September issue of The
U.S. law-firm mergers to the end of the third quarter of 2018 reached levels unseen in the first three quarters of any year for more than a decade, according to an article published last week at law.com. The number of mergers recorded by Fairfax Associates between January 1 and the end of September of
A month ago we reported on the expansion of EY into the legal field through its acquisition of the U.K.’s Riverview Law. Now we learn that PwC U.K. has joined forces with immigration law specialists Fragomen of New York City – giving PwC “a major foothold in the U.S. market,” according to a report in
Citi Private Bank reports in The American Lawyer that the first half of 2018 was better financially, in particular for small- and large-sized law firms, than was the first half of 2017. In fact, overall revenue growth across the industry in the U.S. contributed to the strongest first half since 2007.
Citi Private Bank’s Law
As this blog and many other law-related publications have reported, a 2016 study sponsored by the Hazelden Betty Ford Foundation and the American Bar Association found that more than 20% of lawyers are problem drinkers – a rate that is higher than that of any other profession. The study also showed that those in private
As my clients and those who have listened to my presentations are well aware, I am an avid proponent of the use of demographics as an analytic tool by law firms.
I had the opportunity to expand on this stratagem in the most recent issue of Edge International Communique (EIC), in an article I entitled
The Mad Clientist – the blog of the BTI Consulting Group – has diagnosed a growing epidemic among law firms: complacency.