Home >
Law >
Legal Profession >
Strategy for Law Firms

Strategy for Law Firms After the Legal Services Act

Author: Nick Jarrett-Kerr
Publisher: Law Society Publishing
ISBN: 9781853287589
Published In: November 2009
Format: Paperback , 224 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author
Reviews

Details

The Legal Services Act 2007 has fundamentally altered the legal market, transforming the regulatory framework and economic landscape. In an increasingly competitive market place, law firms must make strategic choices that will affect their long-term prospects.

Strategy for Law Firms guides firms through the strategic options available to them and suggests how they might position themselves to succeed in the market.

The book provides a practical approach that is underpinned by sound strategic and academic principles. The author offers insight, drawn from his vast experience of the legal market, on a range of topics including:

harnessing a firm's intangible resources and capabilities
competitive positioning
the creation of a value added strategic plan
Alternative Business Structures as a tool to implement strategy
mergers
law firm funding and valuations, including external funding
governance
profit sharing.

The author has created a new framework with which to analyse and assess your firm's position in the market, and identifies and explains 15 possible models of ABS under the new rules.

Although primarily aimed at law firms in the UK, the book is relevant to legal firms around the world.

1. The new world;
2. Understanding your assets;
3. Harnessing intellectual capital: strategies for optimal law firm infrastructures;
4. Understanding positioning and competitive advantage;
5.Developing a value-added strategy;
6. Alternative Business Structures as a tool to implement strategy;
7. Long term funding of law firms;
8. Mergers and acquisitions;
9. Law firm valuation (Michael Roch);
10. Remuneration revisited;
11. Governance, leadership and management in the changing law firm environment;
12. Summary and Prospects.

Nick Jarrett-Kerr LL.B is a specialist adviser to law firms world-wide on issues of strategy, governance and leadership development as well as all important business issues facing law firms as they compete in difficult market conditions. In the last eight years, Nick has established himself as one of the leading UK and international advisers to law firms. He was a founder member of the (England & Wales) Law Society's Law Management Section and served as its Chairman for two years. Nick is also is a module leader for the Nottingham Law School strategy modules and a core MBA faculty member.

Michael Roch contributed the chapter on Law Firm Valuation and advises professional service firms on the economics of their practice.

"Readable, practical and thought-provoking throughout. I have no criticisms of this excellent book, which misses nothing and could well become an industry standard for the next few years."

Managing for Success