After our team delivers its comprehensive assessment that’s when the real work begins. The implementation of the strategic business plans can be far reaching and encompass a wide array of services. The services may include monthly supervision of your firm’s finances and operations. These functions allow managing partners to devote full time to cases and clients while saving the cost of hiring a CFO to run the firm.
As part of our management services, we also focus on obtaining financing sufficient enough to enlarge and improve the value of the firm’s portfolio of cases, and create an infrastructure for the firm that provides a firm foundation for moving forward. The evaluation process creates a more dynamic view of where the firm is and where it can go, in a way no balance sheet alone can offer.
As part of our management services we can conduct additional analyses above and beyond our initial assessment and along with your firm’s partners we can develop a long-term strategic business plan and then assist in implementing the recommended operational and financial adjustments to get the plan into high gear.
Some of our preliminary evaluations include:
• Overview of financial tracking, cash management and forecasting
• Operational expense analysis
• Evaluation of past and present case portfolio to determine the highest time/value ratios
• Employee compensation analysis
• Review of partner compensation and responsibility allocations
As the plan unfolds, our experts may be retained on an ongoing basis to continue to supervise the strategic plan in real time, so that we can help ensure its success and make any adjustments necessary along the way in response to situational developments.
From solo practices to firms with multiple offices and a complex of attorneys, we can help increase profits, develop business and reduce the time you now spend on management issues, so you can focus on what really matters: practicing law.
