Legal Market Strategy and Management Consulting
Business Strategy is the master plan that determines the expectations and outcomes of a law firm or legal service company.
Business Strategy answers the ‘why’ — Foundational reasoning behind corporate decisions of the business as a whole and how they relate directly to outcomes.
Business Strategy provides principles and direction for: Why certain types of work will/will not be accepted and delivered to target markets; Why and circumstances under which the firm or company will operate in target markets; Why current and prospective clients, and client work are tiered and valued; Why specific expertise, talent and temperaments are mandatory; and, Why operational management is mandated to execute.
Business Strategy is the root strategy and fundamental to success.
It is also rare.
Business Strategy is nonexistent within many law firms and legal service companies. This can manifest in internal struggles ultimately ending in talent turnover, financial distress, takeover, and/or dissolution. It doesn’t have to be this way.
Ensure your success.