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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.
As law firms have grown larger and client problems have become
increasingly complex, effective practice management has become the
primary vehicle through which firms seek to deliver value to
clients and differentiate themselves in a competitive market.
Optimizing Practice Management: Driving Profitability and Market
Position is intended to help firm leadership work through all the
critical aspects of structuring and implementing an effective and
optimized practice management system. The book is divided into five
main sections, covering: The business case for practice management;
Building the essential foundation; Developing the structure; Keys
to successful implementation; and The role of the practice leader.
This book will help law firm leaders to: Gain clarity on how to
improve their market position and enhance the value perception of
their services; Establish the optimal practice management structure
to facilitate achievement of the firm's strategy and market
position; Focus on particular practice specialties and
subspecialties, and on clients or industries, where the firm can
establish a sustainable competitive advantage; Define clearly the
role of business unit leaders and members; and Align incentives to
encourage the level of collaboration that clients are demanding.
Detailed appendices contain the results of original research on
practice management in the largest US law firms, and sample job
descriptions for practice group leaders/members, based on the
authors' experiences working with over half of the Am Law 200 law
firms.
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