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If we could know in 2020 what we will know in 2025 (only five
foreseeable years into the future), how would we change our
attitudes, actions, and the way in which we practice law, the
services we offer, the clients we target, and the ways in which we
choose to deliver our services? Indeed - if we could have known a
year ago the events of the first three months in 2020, what might
we have done to prepare? The American writer and humorist, Mark
Twain, advised: "When everybody is out digging for gold, the
business to be in is selling shovels!" So, what foreseeable trend
may represent the figurative "shovel" that every client will need
tomorrow?
In the five years since the first edition of this book published,
there has been an accelerated rise in the number and influence of
COO roles in the legal sphere. No longer the preserve of the
largest national and international firms, mid-tier firms and even
New Law and alternative legal service providers are considering a
COO as a potential - perhaps even essential - component of law firm
management, to achieve increased efficiency, productivity, and meet
the demands of a highly competitive market. With contributions from
a number of current law firm COOs, alongside some of the most
respected and sought-after consultants working in this space, this
second edition of Rise of the Legal COO examines the scope and
variety of the legal COO role, and how the challenges and demands
of the position have altered as law firms have evolved. It contains
updated chapters from the first edition, and several brand new
chapters covering topics such as: How the COO can enable innovation
and digital transformation in their firm; The COO's role in
managing profitability and client engagement; The use of data in
law firm management; and The New Law COO. There are also all-new,
exclusive interviews with legal COOs from a variety of national and
international firms, covering topics ranging from the importance of
relationships and adapting to the new hybrid, post-COVID world, to
encouraging innovation in firms and strategies to recruit and
retain talent. There is no doubt that a good COO is an invaluable
part of a firm's management team, and the opportunities for
talented individuals with broad operational management skills will
continue to grow. Heavily backed up by the first-hand experience of
the contributors, this title provides essential guidance to the
current and future legal COO on the skills and strategies they need
to succeed, and to law firms on how to recruit, integrate, and
develop a COO who will be a good match for their culture and help
them achieve their ambitions.
Law firm practice group leadership is not for the faint hearted. As
firms compete increasingly at practice group level, leaders are
being asked to run their groups like business units; to develop and
implement a strategic plan that supports the goals and
competitiveness of the firm; and to coordinate and lead their
partners to enhance the efficiency, performance, and profitability
of their groups. Many firm leaders complain that some of their
group heads are not producing the results they want to see. But how
many practice group leaders receive the tools and support they need
to succeed in this critical role? How many are selected for
demonstrable leadership skills? And how often are they held
accountable for how well - or otherwise - they perform in the role?
With contributions from a wide range of experts, this second
edition of Effective Practice Group Leadership explores these key
questions and more, building on the first edition with new insights
and thought leadership. The book examines the position of the
practice group leader (PGL) in law firms today, the challenges of
the role, and the changes to it, innovations and how modern
practice groups are changing, and demonstrates the enormous
contribution PGLs can make to the profitability and performance of
their law firms, when armed with the tools and the authority.
Whether you have recently been appointed as a group leader or are a
battle-scarred veteran, you know that managing professional people
is difficult! In this unique handbook, Patrick J. McKenna and David
H. Maister argue that leaders will best enable their people to
achieve peak performance not by managing them, not by leading them,
but by inspiring them. The authors show you how to actually add
value as a group leader or induce people to accept your guidance,
even with intelligent professionals who are often free-agents
accustomed to having automony to work on grueling assignments with
little supervision. They also give advice on how to handle those
oh-so-talented but oh-so-annoying professionals who exhibit
attitude problems or are just exceedingly difficult to work with,
when you need them but they tend to needle you.
The lessons and learnings presented here will give you insights
and action tips to help you provoke and inspire your people to
their full potential.
Today's law firm is an entity in flux. Economic and technological
disruption - along with a range of other factors - have contributed
to this change, meaning that firms are not what they used to be. It
is therefore a necessity that the way they are managed also needs
to change. This means, among many things, the need to corporatize
the running of the firm; a move away from the focus on the billable
hour towards more intangible activities such as business
development and marketing and - perhaps the most important factor -
the development of a new kind of leader within the legal landscape.
The new kind of leader now demanded by a transformed legal
profession is not readily forthcoming, however. Legal culture
stresses individualism and independence, which is reinforced by
firm governance, practice management, and performance management
systems that are ill-suited to foster supportive and collaborative
leadership practices; lawyers are trained and conditioned to be
combative, autonomous, and didactic. To position oneself as a
contender in a fast-moving and competitive market, the legal leader
of the future must push back against these trends by acting
strategically, engaging in people management, investing in their
employees, and creating a working environment that places emphasis
on communication, teamwork, and growth and development. Legal
leadership: a handbook for future success combines the latest and
most relevant intelligence from those on the frontline of law firm
leadership and management, to serve as the catalyst for change and
the foundation on which a strong leadership practice can be built.
Drawing on their expertise and experience, our authors - ranging
from behavioral psychologists to senior management figures and
pofessional coaches -present a wide range of competencies and
strategies to cultivate as part of a leader's personal and
professional development. Whether you are already a member of your
firm's senior management, or in a junior position with big
aspirations, Legal leadership: a handbook for future success
provides the essential tools to equip you to become a leader of the
future.
Successfully managing a change initiative is no simple feat,
regardless of the size of the firm - distilling the process of
change into a workforce takes careful planning and support. Change
is stressful and difficult for people to process and accept, as we
often cling to what we know. This is especially true of lawyers,
who are notoriously averse to change. However, the legal sector has
begun to rapidly transform - and the firms that don't change with
it are going to struggle to stay relevant. In these turbulent times
for firms, change initiatives must be properly managed to ensure
the whole firm can successfully shift to the new norm and stick to
it. Without the proper support and management, a firm runs the
risks of alienating their workforce - who will not take well to
sudden and imposed change. Managing Legal Change Initiatives looks
to illustrate the best methods of introducing and managing change
in a sector that is known for being adverse to it. The book
highlights the critical obstacles and pitfalls that law firms will
face during transitional periods, and outlines some of the best
methods of approaching organizational change; from building a
change framework to follow, to encouraging a shift in partner
behavior through the compensation strategy. This new book also
explores why change is so difficult for individuals - with
discussion of the neuroscience behind change, and the role of
emotional intelligence in leaders to help garner a transformation.
With the disruptions to legal services predicted to continue for
some time, it will be those firms who adapt, put into place, and
act upon a change management strategy that will be the ones
capitalize on changes to come.
Could you benefit from expert guidance on how to stay competitive
and streamlined in a legal marketplace that is increasingly
competitive? Law firms are finding it harder to adapt quickly to a
legal landscape that is constantly evolving. That's why it's
imperative for law firm leaders to recognise and respond to this
change in order to stay competitive. While the economy has
improved, key challenges from the recession remain. Clients are
more demanding, reducing cost is as important as it ever was, and
firms realise that operational efficiency is crucial to gaining
small but important margins. In this market, those small margins
can be game-changers for large and small firm alike. This new and
updated edition of The Lawyer's Guide to Strategic Practice
Management equips law firm leaders with the very latest guidance
and market knowledge on how to improve and refine current
management strategies in order to thrive and compete in today's
legal marketplace. From the latest developments in technology and
AI, how to improve your firm's coverage on LinkedIn to increasing
motivation to act on cross-selling opportunities, this guide is an
amalgamation of guidance from the most talked-about thought leaders
in the legal sphere. The second edition contains 7 new chapters
covering strategy; market and client development; people and talent
management; finance and pricing and optimisation and technology.
Key features of this updated guide 33 chapters covering six key
areas of law firm management Contains valuable material such as
diagnostic questionnaires, how-to guides, case studies and
action-planning worksheets Hear from a range of thought leaders and
experts in the law firm management sphere including: Viv Williams
(CEO of 360 Legal Group) Patrick J. McKenna (strategist and advisor
to premier law firms) Chrissie Lightfoot (CEO of EntrepreneurLawyer
Ltd) Geoff Coughlin (co-founder of Emphasis on Skills Ltd) Order
your copy of this guide to: Review revenue and profit models,
profitability strategies and law firm profit drivers Examine the
various alternatives to the traditional billing hour Measure and
manage the performance of your lawyers Find market niches and
develop individual business development strategies Learn about the
adoption of client listening programmes Use big data for billing
and cost and forecasting analysis Build the business case for legal
project management Improve client and staff communication,
connectivity and collaboration strategies Inform your management
strategy with the very latest market insights and find solutions to
your management challenge. Order your copy of this updated guide.
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