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How to Become the Firm of Choice: Win the Best Clients, Recruit the Best People, Increase Profitability

How to Become the Firm of Choice: Win the Best Clients, Recruit the Best People, Increase Profitability

Author: Robert Lees; August Aquila
Publisher: Ark Group
ISBN: 9781783582723
Published In: February 2017
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

AU$146.30

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Description
Contents

Details

The consensus from a number of recent reports is that the majority of law firms will again see flat revenue growth in 2017.

With external spending down, new legal service providers entering the market, and clients demanding more effective and efficient services, probably the only thing we can predict with any certainty is that competition will only get tougher.

So, how do firms break out of the pack and put themselves in a position to enjoy sustained success?

How to Become the Firm of Choice provides the answer: firms have to make an explicit decision to become “the firm of choice” in their chosen markets. And, in doing so, they must move their operations to the next level. This means:-

Analysing and improving every aspect of the firm’s operations
Ensuring all of the firm’s internal operations and processes are aligned with what the firm needs to do to be successful in its markets
Maintaining an absolute commitment to being the best and a refusal to accept the status quo; and, crucially
Being one-step better than the competition

Taking a fictional law firm as an example, the book examines in detail five main drivers of professional service firm performance:-

Markets
Clients
People
Financial and
Underpinning beliefs

Through models, matrices, and examples based on the authors’ extensive experience advising leaders of professional service firms around the world, How to Become the Firm of Choice shows just how this can be achieved in today’s competitive market.

It explains the questions firms need to ask, and the challenges they need to overcome, in each area in order to improve each aspect – and take the firm to the next level.

Part One

Where to begin

Oh no! Not another bloody meeting!

Cliff’s opening remarks

Nathan’s story

Questions from partners

Rules

Mark’s opening comments

Mark’s findings

Categorizing the issues

Let’s get to work

Market questions