In this period of unprecedented change in the legal profession, many firms appear to be clinging to the past and the ways they’ve always done things. After all, it’s been a successful model for many years. In this article, Gerry uses the example of vessels in a sea of turbulent waters. Some vessels will make it and others will sink.
The visionary captain of a successful vessel must:
- Invest in Technology
- Tune into Younger Lawyers
- Get Closer to Clients
- Invent New Ways of Pricing
- Implement Project Management
- Monitor Efforts of the Crew
- Reward Desired Performance
As managing partner, you’re the captain of your ship. Is your firm ready to fend off the pirates?