Law Firm Strategy

This course is designed to provide students with an in-depth understanding of law firm strategy. Students will learn about the different types of law firms, their business models, and the various strategies that can be employed to increase profitability and growth.

Today’s transformation of the legal market is accelerating, and is more complex than ever. Applying a strategic approach not only decreases uncertainty, but improves the management of inevitable change.

As the legal landscape becomes increasingly competitive, it is clear that law firms do not always do enough to remain at the top of their game. Firms that have embraced the challenges presented by increased competition are undeniably in a better position than those that have not.

The course has been designed using a variety of reliable sources. These include advice published by leading law firms around the world,  an extensive study of data collected from law firms, relevant literature, Bar Association archives, and advice from the head partners of successful law firms in the UK and the US. This combines to provide you with a step-by-step guide to implementing a strategic plan in your firm.

This course is an essential starting point for law firm managers and associates who are facing internal and external pressures that make strategy and vision more crucial than ever before. Forward-thinking law firms understand that they are operating in an increasingly competitive marketplace, experiencing one of the worst recessions seen in decades, and that they must transform themselves in order to thrive. The initial step in this transformation for law firms to be successful in the long term is to align a firm’s processes, infrastructure, strategy and culture with a clear understanding of the current and future wants and needs of clients and prospects.

The need for corporate legal functions to undertake a strategic planning process and adopt their own strategic plan could not  be more critical. Strategic plans allow the legal department to address the myriad of legal, business, financial, organizational, management and leadership challenges in this dynamic world in which we exist. For legal teams to achieve optimum performance relative to, and in support of, their companies’ operations & businesses, they need to be guided by a definitive strategy with specific underlying goals and objectives that make clear the chosen key areas of focus and how the team will achieve success in both the near and long term. Join us to learn how to transcend hesitation and misconception and get the strategic planning process underway! This course will arm you with “how to” basics to get you started.