I spoke with Barry Solomon, executive vice president at Foundation Software Group, the developer of a firm intelligence platform used by lawyers, KM professionals, marketing and business development leaders, and an array of individuals responsible for the business and practice of law. We discussed the value of focusing on firm intelligence over experience management and how it is impacting law firms.
Vincent Bell, the president of Upstream Consulting Group, recently shared Six New Year’s Resolutions for Your Law Firm, which he suggests will help your firm improve its profitability.
“They contain specific and easily applied business suggestions,” he says. “Three of them are micro resolutions relating to specific functions within a law firm that should be examined and improved. The other three are macro resolutions that transcend specific internal functions and relate more to the philosophical focus and overall direction of the firm,” he adds.
The resolutions are:
1) Seriously Examine Your Cost Structure
2) Bill Monthly and Collect Monthly
3) Stop Discounting
4) Write and Follow a Realistic Strategic Plan
5) Become an Entrepreneurial Law Firm
6) Question Your Traditions
Read the entire article here.
Following my presentation over Thanksgiving at the 2011 BigHand User Conference, I spoke with Richard Newton of Business Integrity, makers of ContractExpress.com, about content creation and related document trends for 2012. He noted that fixed fee arrangements have been prompting firms to streamline manual processes and focus on automation in document generation, particularly in the legal, banking, real estate, finance and employment fields. Watch our interview below:
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