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    LAW FIRMS

 

 

Execution and Change Management

Execution is the heart of successful strategy and of operational and financial improvement. The drivers are organizational and cultural. On occasion, there is knowledge missing. More often than not, the problem is with the accountability for action. We assist with

writing and implementing group plans, including 90-day plans

building multi-office teams

managing non-billable time

linking compensation and results

building strong administrative teams

For further information on developing and executing change management initiatives, contact Richard Stock at rstock@catalystlegal.com (416) 367-4447, ext. 1.

 

Articles on Execution and Change Management

"Gaining a Competitive Edge"
Lexpert, Toronto, ON. Volume 7, Issue 10, September 2006

The configuration of practice groups should reflect the firm's business plan. Group leaders must invest more time in leading / managing the members of the practice group. Introducing financial and non-financial objectives for the group is essential to gain a competitive edge in the market. Many of the objectives will need to anticipate the priorities of the primary clients of the firm and of the group members.

"The Will to Get Things Done"
Lexpert, Toronto, ON. Volume 7, Issue 7, May 2006

Energy, focus and discipline must be introduced to manage a highly decentralized organization like a law firm. The article discusses the role of firm leadership and the effect that the stigma of non-billable work in managing a law firm has. A framework to manage sustainable growth is presented for use by firm management. Clear roles are essential for those who are responsible, accountable, supportive, committed or informed to get things done.

"The Knowing-Doing Gap"
Lexpert, Toronto, ON. Volume 7, Issue 4, February 2006

Based on the works of Jeffrey Pfeffer and of Robert Sutton, the article applies the five causes of the knowing-doing gap to law firms and to law departments. The straight-talk trap finds waiting and planning substituting for action. The commitment to the past re-affirms a firm's social identity and culture (when memory substitutes for thinking). The third cause is when fear prevents acting on knowledge and the fourth is when measurement obstructs good judgment. The final gap is when internal competititon turns friends into enemies.

"Time Accelerates"
National, June/July 2004

As firms age, some are considering innovations to lure the talent and the capital that will ensure their sustainability as a business. The article provides detail on five of these: lateral recruitment, changing the criteria for partnership, the use of formal practice plans, securing commitments for partner retention, and significant (25%) improvements to profitability.

"Curing FTI (Failure to Implement) Disease"
National, October 2003

Law firms prize individuality, personal achievement and harmony. This makes the introduction of business and management practices a real challenge as the firm grows. Failure to implement (FTI) disease affects even the most gifted professional. Prevention is easier than cure. There are many symptoms and most of them are clear. Discipline, follow-through and time are combined with other specifics described in the article.

"Nothing is Hard-Wired"
Lexpert, July / August 2003

Relationships with clients depend on a blend of reputation, competence, chemistry, cost and service. Getting work from another firm's client depends on finding out what the clients will focus on in the next 12 months. Some firms take a long-term view and introduce more junior and technical staff to the client. Too many professionals do not effectively report their achievements to their clients, thereby creating an opportunity for competitors.

"Good Management is Hard to Get - and Keep"
Lexpert, June 2003

There is good evidence that investing in professional positions to deal with many non-billable professional matters pays dividends. The freed-up time can be spent on business development and on building up competencies. The article advocates practice groups even in small firms. It goes on to define non-traditional responsibilities for Managing Partners, supplemented by 4-5 measurable objectives.

"Are Managing Partners Obsolete?"
Lexpert, Toronto, ON. Volume 1, Issue 5, February 2000

The role of managing partner has evolved away from firm administration toward leadership and strategy. There are two important strategic considerations: knowledge management and a focus on learning.

"Innovation in Legal Services - Doing More With Less"
Inside Counsel, Summer edition, 1997

Pressures faced by General Counsel within their organizations: the pressure to innovate, manage/reduce resources used to provide services; how external counsel can help law departments deliver greater value to their organizations; suggestions on how General Counsel can demonstrate innovation and communicate its value to the organization.

 

 

 

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