Law Firm Management

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It’s Monday, so that means that the 2014 ILN European Regional Meeting is officially in the books. I want to offer a special thanks to our hosts at Okland & Co DA, and especially their managing partner, Tom Carsten Troberg.

As I was flying home yesterday, I had the opportunity to ruminate on the conference, and the takeaways I gained from the various presentations and social functions, and I wanted to share those with you today!

  • There is really no substitute for face-to-face relationship building: As you know, I love social media, and think of it as a great bridge for keeping connections going in between face-to-face interactions.

    But there’s no substitute for seeing your connections from around the world in person, talking about personal and professional things, laughing together, and experiencing a new city together. Not only do you get to know each other better (and get a richer understanding of the challenges and cultural differences facing your colleagues in other cities), but you leave with a warm feeling that reminds you to think of them first when making referrals or getting ready to pitch a client. So never think that your online or phone efforts will ever compare to time spent in each other’s company.

    Shared experiences will always win the day – particularly when those experiences involve Aquavit tastings and a mutual fear of lutefisk.

Continue Reading Takeaways from the 2014 ILN European Regional Meeting

The first breakout session that I attended at P3 was "Value-Based Pricing, Legal Project Management and the New Value Proposition."  The session was presented by Doug Woods (Strategic Pricing Manager Ogletree, @dougwoodsCPA), Jim McGrew (Chief Marketing Officer, Ogletree), Ashley Tenney (Business Development Manager – Corporate Department, McKenna Long, @latenney), and Crissy Wolfe (Attorney, McKenna Long). 

LMA gave us the key takeaways right in the program, so I’ll list those upfront before we get into the full recap! 

  1. What are the common "value drivers" of clients, and how can legal marketers help attorneys have a deeper conversation about what is valued by the client?
  2. Which pricing arrangements are most (and least) appropriate for various client value drivers?
  3. How do legal marketers market, and assist in developing, pricing arrangements and project management?
  4. How do pricing and LPM complement each other and what role should legal marketers play?

Continue Reading Value-Based Pricing, Legal Project Management and the New Value Proposition

One of our sessions during the ILN’s 2010 Regional Meeting of the Americas in Houston focused on the always popular topic of law firm management.  The panel was moderated by our Chairman, Peter Altieri of Epstein Becker & Green in New York.  On the panel were Steve Arthur of Harrison & Moberly in Indianapolis, Indiana, Carlos Rodriguez-Vidal of Goldman Antonetti & Cordova in San Juan, Puerto Rico, Doug Winthrop of Howard Rice in San Francisco, California, Bill O’Neill from McDonald Hopkins in Cleveland, Ohio and Anders Lundberg from Hellstrom in Stockholm, Sweden.

Creating Demand

Altieri began by saying that one of the challenges in the current economy for firms is creating demand. In the past, they had much more pipeline work than there is now, in part because clients are trying to do more in-house. He added that even the big firms are coming in and being price-competitive, and asked the panelists to comment on this.

Winthrop said that his firm has been seeing a tremendous rebound in the litigation sector of the firm, which has them quite busy.  Now, they’re facing the issue of whether to hire more attorneys on the litigation side, or ask the business lawyers to chip in.  He said they’re concerned that they’ll find themselves with overcapacity, so they’ve addressed the issue by doing both.Continue Reading ILN Conference Re-Cap: Law Firm Management Panel