Most law firms are deeply in (or about to enter) budget season. We surveyed law firm leaders last year regarding best practices around budget development. As a seasonal follow-up to that survey, we offer the following five tips to improve…
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’…
We have seen a spike of interest in the Balanced Scorecard since our December 2012 strategy question of the month focused on what kinds of measures law firms are using. As regular readers will recall, the only measures firms are…
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…
Our final strategy topic for 2012 focuses on what law firm management is doing relative to setting objective measures for their strategic plans. More specifically, what do law firms measure and are those measures in any meaningful way connected to…
Our final strategy topic of the month for 2012 focuses on what law firm management is doing relative to setting objective measures for their strategic plans. Peter Drucker famously said, “you can only manage what you can measure.” The question…
Our September Law Firm Strategy Question of the Month focused on the budget process. Specifically, this month’s quick survey identified the budgeting practices that are most useful in real world settings in law firms. As in past months, we also…
The budget process is right around the corner – at least for the vast majority of firms that are on a calendar year cycle. These quick monthly surveys are primarily intended to build a foundation of useful information and benchmarks…