We addressed innovation (disruptive and otherwise) in a series of articles last summer. The topic is certainly not resolved as evidenced by the many posts responding to and expanding upon a recent discussion of disruptive innovation at Harvard Law School. …
Our last post introduced the principles underpinning a valuable strategy tool – co-creation. We noted that co-creation is a tool particularly well suited to sophisticated legal practices for two reasons. First, in many respects co-creation principles align well with attorneys’…
This is the first in a two-part discussion of a valuable innovation tool for law firm leaders – “co-creation.” Co-creation has its greatest value at the individual client level, but can be applied at practice level as well. Co-creation dovetails…
Throughout the course of 2012, Sterling Strategies conducted monthly mini-surveys, each focused on a single strategy topic. The intent was to develop some empirical data on what works and what does not work relative to a variety of strategic management…
In the midst of the market meltdown in the fall of 2008, we were in the field doing research on behalf of DRI (Defense Research Institute) on the Future of Litigation. Alternative Fee Arrangements (AFAs) were one element of that…
Our March 2012 strategy question of the month focused on profit improvement strategies. One of most important strategies for profit improvement among firms is improving realization. In framing that question about realization, we explicitly included consideration of alternative fee arrangements…