Regardless of where a firm is located and regardless of its culture and history - there are certain best practices that can help a high volume personal injury law firm improve profitability and increase in value.
Here are four things you can be doing within your law firm to help improve profitability and increase value.
Representing your own clients while, drawing up legal documents, and settling cases, while you are concurrently trying to gain new clients, can leave little time to manage all the other aspects of your firm. Law firm consultants can provide valuable expertise and insight to help firms achieve their goals. Here are four reasons why you may want to consider hiring a law firm consultant.
Many attorneys seek to increase the value of their law firms. Valuation is important for an attorney who may want to sell, retire, add a partner, or prepare for the possibility of public investment, a trend for which there is significant momentum around the world and - recently - in the U.S.
As we have noted in prior posts, businesses that properly use analytics to help manage their operations often have an advantage over their competitors.