09 Jul TIPS FOR MANAGING A LAW FIRM
The need to properly administer and manage a law firm is born of its nature of business, we are all aware that currently to achieve success and recognition in the labor market is not enough to be a good professional, in the case of the firms of lawyers is not enough to have good lawyers who do a good job, although this is essential, it is necessary to go further, think about the correct organization and administration of the resources that the firm has. If for a factory that produces chocolate the raw material is cocoa, for a law firm its most precious resources are the time and knowledge of each professional. The intangibility of the primary resources with which a law firm works or a company that provides professional services makes its management more complex. Now, let’s think about how complex the problem can be if we consider that most of the lawyers have not been trained to administer, everything can turn into a great chaos, what can be done to properly administer a law firm and not die in the law? tried?.
Organize collection processes: It is not rocket science if you accept the help of technology to optimize processes, have information at hand and achieve orderly finances that allow us to study the indicators and project. In essence, that the firm acquires software that helps order the billing by customer, rate, subject or others.
Standardize: define performance indicators for professionals working in the firm and standardize them. With this I do not mean that each professional must meet the same standards or charge the same rates, I mean to raise a “catalog” of professionals according to their work, experience, or area of knowledge and each of the categories assigned to Items to consider, in the case of lawyers the most usual is the time worked in a particular case or client, well, this may be the item to be standardized.
Know and control: as we mentioned before, the resources with which a lawyer works can be of an intangible nature, this only increases the need to control them. Using an application that allows the recording of time that each professional devotes to their cases and clients is an excellent way to start managing resources correctly.
Communicate: In the case of law firms it is usual for more than one professional to work in a particular case, it is also common for a single client to have several cases that are handled by different professionals. Well, it is necessary that the professionals that make up the firm can have optimal communication mechanisms, tools that allow them to share the progress, notes and documents related to each process.
Evaluate and decide: the phase that corresponds to the heads of a firm, the constant evaluation of the performance of the firm, the processes that go well and those that must be optimized. A software that has a complete dashboard and a business intelligence module will always be the best ally to be able to have a global vision of the components of the firm, to make the best decisions.
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