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Law Firm Strategies for the 21st Century

Strategies for Success

Edited by Christoph H Vaagt
Format: Hardback
Publisher: Globe Law and Business Ltd, London, United Kingdom
Published: 1st Dec 2013
Dimensions: w 159mm h 241mm d 20mm
Weight: 575g
ISBN-10: 1909416169
ISBN-13: 9781909416161
Barcode No: 9781909416161
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Synopsis
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.

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What Reviewers Are Saying

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Jan 11th 2014, 20:19
Growth strategies for law firms going global....
Awesome - 10 out of 10
AVOIDING THE ‘SMOKE AND MIRRORS’ APPROACH

An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers

If you are a lawyer tasked with the management of your firm -- or you’re contemplating doing so -- you’ll find the wealth of insights contained in this recent publication from Globe Law and Business both illuminating and practical, particularly if you’re looking to expand in challenging international markets.

Here at your disposal are over 250 pages of rather high powered advice and consultancy from over two dozen expert international contributors, each discussing issues of strategy and good governance from a specific viewpoint, but focusing overall on building profitability as the result of making the right decisions rather than the wrong ones.

The general thrust of the book is that law firm strategy must be focused not just on the bottom line, but on a value-based, ethics-based, consensus-based and client-centered ethos. The detail of just how all this may be achieved – across a range of jurisdictions– is a particularly valuable aspect of this book.

In helping law firm managers cope with the challenges and complexities of building and consolidating a law practice in a range of international markets, this volume is a useful guide, drawing as it does on the specific experience of a broad range of practitioners and consultants who have been there and done that.

Consulting editor, Christoph Vaagt, for example, a specialist in law firm strategy processes, is a former chairman of the law firm management section of the German Bar Association. Now a frequent speaker for the International Bar Association, he expresses the hope that this book will ‘help partners of law firms understand the challenges their firms confront and… start a process which may address these to the benefit of each member of the firm and of the legal community at large.’

A slightly more light hearted, but still deadly serious approach is taken by several of the other contributors; Note in particular the article by Robert Bata of WarwickPlace Legal LLC entitled ‘How to screw up your international expansion: a 15-step Guide.’ A more succinct summary of the pitfalls and pratfalls besetting certain law firms looking to expand abroad you could scarcely hope to find; mentioning no names of course. Also note Lisa R Smith’s article on ‘How to merge: Lessons from 20 years of law firm mergers.’

In all, the book emphasizes the market and resource side of law firm management, pointing out new ways to look at, think about, and carry out the right strategies with a view to staying a step ahead of competitors. Certainly this is a book that should be in every law firm manager’s library.

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The book emphasizes the market and resource side of law firm management, pointing out new ways to look at, think about and carry out the right strategies with a view to staying a step ahead of competitors. -- Phillip Taylor MBE * Richmond Green Chambers * Each chapter is a stand-alone gem and yet a fully integrated part of the jig-saw, which becomes a beautifully illustrated pictorial sculpture, when all the chapters pieced together to form the unified whole. -- Pippa Blakemore BSc PGCE * The PEP Partnership LLP *