These are changing times for law firms. Our industry is in the midst of significant changes, and with those changes come new business challenges. Fresh approaches and practical solutions are needed. Applied Strategies offers both.
Our experts serve as trusted advisors, sounding boards, and confidantes. We work with small to medium-sized law firms, and occasionally individual lawyers, to develop practical, pragmatic solutions for their business challenges.
Read our three main criteria ASI follows in selecting assignments. Our customized solutions are focused in the areas of:
- Transition Planning
- Senior Administrative Recruitment
- Strategic Tactics / Planning
- Crisis Management
- Organizational Development
- Culture Inventory
- Financial Analysis
- Compensation Systems
- General Management Advice
- Private Coaching to Lawyers Involved in Law Firm Management.
Read more in our brochure.
KEY PERFORMANCE INDICATORS
A Law Firm Guide
Purchase the e-book (or pdf available*) from BookBaby or Amazon
Law firms of all sizes should calculate and track indicators of their performance and health. The most successful firms use these indicators to assist in making important business decisions, in motivating and aligning behavior, and in adjusting to the new realities. Indicators should meet the following three criteria to qualify as a KPI for your firm:
- It must reflect the firm's strategy and goals;
- It must be key to the firm's success; and
- It must be quantifiable.
Your firm's strategic focus will impact its selection of KPI. The author is not suggesting that all that counts in a law firm can be counted but rather what gets measured is what gets done. Therefore, if an indicator is not quantifiable, it is not likely that it will be incorporated into a firm's decision-making process which may in fact cause issues to go unaddressed. The list of KPIs identified in this booklet is not intended to be exhaustive but rather as a collection of common and not so common KPIs that firms are and will be using over time. The KPIs identified in this guide are broken down into the following four categories: Special Pandemic, Marketing, Productivity, Financial.
A word of caution – KPI is simply a tool – there are no substitutes for the use of common sense and good judgment when it comes to the management of a law firm.
Available on both:
NOTE: *PDF version is also available upon request.
SPEAKING ENGAGEMENTS
OBA Law Practice Management Program
Growth, Change and Evolving your Law Firm
October 30 from 9am to 12pm
Available in-Person or Online
Stephen Mabey will be on a Panel discussing "Knowing when to act and making the strategic (growth) plan"
See the Full Agenda
FEATURED ARTICLES
Goto >> Article Index >>
NEW The Digital Age is the Great Equalizer
Stephen Mabey, November 2023
Executable Strategy
Stephen Mabey, October 2023
Succession Planning: The Myth & The Threat
Stephen Mabey, August 2023
Talent Wars: Half Time - The battleground has shifted
Stephen Mabey, August 2023
Attracting and Retaining Clients Today
Stephen Mabey August 2023
The Increasingly Important but Dreaded Collection of Client Accounts
Stephen Mabey, July 2023
Explaining Compensation Gap Analysis
Stephen Mabey, July 2023
Client Information Overload Solution:
Trust and Confidence over AI
Stephen Mabey, May 2023
JOIN OUR MAILING LIST!
ASI circulates articles regarding current challenges facing law firms for Directors and Managing Partners of Mid-size to solo firms. It is free to join and you may unsubscribe at any time.
Email smabey@appliedstrategies.ca include JOIN LIST in the subject line.
STEPHEN MABEY'S BOOK
Practical advice on a wide range of topics such as leadership, innovation, strategic planning, financial management, legal project management, among other topics, is difficult to find in one book. This book should be on everyone's bookshelf who has a managerial or leadership role in a law firm. This book will quickly become high-lighted & dog-eared.
Go to BookBaby to purchase...