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This book is now Out of Print.
A new edition has been published, the details can be seen here:
Law Firm Strategies for the 21st Century: Strategies for Success 2nd ed isbn 9781787423022

Law Firm Strategies for the 21st Century

Edited by: Christoph H. Vaagt

ISBN13: 9781909416161
New Edition ISBN: 9781787423022
Published: December 2013
Publisher: Globe Law and Business
Country of Publication: UK
Format: Hardback
Price: Out of print



Law firm partners have long resisted the notion that they need a strategy. However, markets change and the landscape has become increasingly competitive. Law firms that want to remain competitive need to think about and engage in strategy development; those firms which have done so are now undeniably in a better position than those which have not.

Published in association with the Law Firm Management Committee of the International Bar Association, this practical title is the first in Globe Law and Business’s series on the business of law dedicated to exploring strategic development in law firms.

It includes contributions from leading academics, consultants and law firm partners who share their insights and experience in strategy development and management. The content is organised around the market and the resource side of law firm management, and offers new ways to think about strategy and how to discuss it in the context of a partnership.

Whether you are a managing partner of a small, large or international law firm, this book offers points of views which have never before been aggregated in a single volume. The book may also be helpful for consultants and academics in developing research in this area. This volume addresses in a most practical manner those questions which are of relevance in today’s law firm management.

Subjects:
Legal Practice Management
Contents:
Introduction
Strategy in law firms – what it is and why we should care?
Easy and difficult at the same time: some general considerations on law firm strategy
Drivers of change; history of market changes
Emerging market response to trends shaping the legal markets
100. tips to make strategy happen in your firm
Market side strategies
Introduction: Competitive forces in the legal market
Trends shaping the legal markets in the future
How to measure success – an introduction into benchmarking of law firms
How to Screw Up Your International Expansion
How (not) to merge
Clients
Winning and keeping clients
The new normal
Work types
Resource side strategies
Resource based approach to strategy
HR in law firms
Introducing a balanced scorecard
Career path in law firms
Strategic challenges for firm leaders
Structures
Systems and structures
Improving efficiency in law firms in times of flat turnover and increasing costs
Relationship capital
Corporate reputation: definitions and dimensions
Reputation and Relationship capital of law firms
The missing link: profit sharing, culture and strategy