Posts Tagged ‘businessadvice’
Despite what 2020 threw at us, the major challenges law firm principals face remains the same
If anything, 2020 certainly tested our resolve, our ability to change (or ‘pivot’ for the buzz word bandits out there (and I really hate that word)), and adapt to new ways of working. However, as the saying goes “Whatever doesn’t kill you makes you stronger.” We’re here and the year is done. It cannot be…
Read MoreDo you know your firm’s cost of doing business?
Do you know your firm’s cost of doing business? It’s easy, right? Look at your monthly Profit & Loss statement and checking that bold figure towards the bottom that reads, ‘Total Expenses.’ For me, I like to get a little more surgical than that. Knowing your cost of doing business, or CODB, is critical from…
Read MoreYou won’t realise the benefits of delivering face-to-face feedback until you try it
Providing open, honest constructive feedback to members of your team is difficult. So is your default to provide feedback via email? As I have discussed in the past, feedback in writing is perilous; as the writer, you must be cognisant of the fact that your recipients are in total control of how they perceive your message. So,…
Read MoreThank you! Two simple words that can mean so much
Do you thank your clients for their business at the conclusion of a matter, perhaps after they pay their final invoice? Two simple words can mean a lot to your client and equally your firm. Why it’s important to say thank you. While many firms invest heavily in business development and sourcing clients, seldom is…
Read MoreAre you in control of your firm or is it controlling you?
Are you in control of your firm or is it controlling you?
Read MoreMotivation dictates your level of achievement, not your ability.
Motivation dictates your level of achievement, not your ability.
Read MoreCertainty Is Everywhere With Unique Retained Fee Model
Recently I spent some time with directors of Sydney based boutique firm, Source, Stanislav Roth and Sean Melbourne. As I do with many firms, I discussed the pleasant feelings that certainty in business delivers. With Source, I believe I have found a firm that may have found the magic beanstalk beans on certainty, for not only their firm,…
Read MoreLawganised and FWO Chartered Accountants Announce Strategic Partnership
Lawganised and FWO Chartered Accountants are pleased to announce they have entered into a strategic partnership, combining FWO’s industry leading accounting, strategic advisory and wealth management services for legal firms with Lawganised’s operational experience in implementation of strategies to grow law firms. With the ever increasing and fragmented legal services market, law firms recognise their…
Read MoreCertainty in Law Firms – You Want This.
Lawganised was created with the vision of instilling certainty in law firms. But what is certainty in a law firm? What is certainty for a principal of a firm, charged with running the business and the leader that has taken all the risk? What I am talking about here is going to sound a little…
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