Lawyers in small firms are usually so buried in clients, cases and court that they barely have time to breathe. Their support people are often equally busy with their jobs. Long term planning for the business often gets cursory attention, when it can be squeezed into the over-crowded schedule. Giving clients world-class legal treatment won’t pay the bills unless the firm operates efficiently, following a well-thought out strategy.
Every firms loves repeat business from clients and referrals. However, depending on that for business growth is usually a major mistake. A marketing plan will bring in new clients. Most firms do some marketing, but it may not be cost-effective. Using the services of a marketing expert to lay out a new marketing plan can be crucial to success.
Hiring a really good IT person may be beyond the scope of small firms. They may believe this until a breach of their computer system exposes confidential data and threatens the firm’s future. Clients will not accept excuses if their private personal and financial data is hacked or lost. A professional firm needs professional IT security, before disaster strikes.
Having an outside expert analyze how the firm operates and how staff perform the essential functions can show where improvements could be made that would positively impact the bottom line. Billing and accounting, for example, may be taking up time that should be spent on clients. A firm needs an accounting system that can pinpoint where improvements can be made and an accountant fully qualified to utilize all the capabilities of the system. A third party review can be tremendously helpful for future growth.
Firm Transitions began in 2012 as a consulting firm specializing in offering services needed by small law firms. The firm grew with the realization that they could develop a team able to provide the back-office support small firms needed; lawyers at large firms already benefit from this type of staff support. Small firms or sole practitioners find that Law firm services in Greensboro enables them to grow their firms and profit margins. The services provided by this firm enable lawyers to concentrate on practicing law and representing their clients
