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Red Cave Consulting Law Practice Management Tip


‘Wayfinder: What’s the Next Phase of Your Law Firm’s Growth?’
 
Despite the way that attorneys often act, the law firm timeline is not a direct one, from open to close. There are bumps along the way, and also phases. In modern video games, wayfinder beacons guide players to a final destination. Each segment makes up a whole journey. Law firms operate in the same way. (As does the movie ‘Moana’.)
 
And, by the way, your law firm is always moving forward; it has to be, it’s like a shark – because, the opposite of growth, is stagnation. Or, as Red from ‘The Shawshank Redemption’ so eloquently puts it: ‘Get busy living, or get busy dying’.
 
So, don’t think of managing your law firm as a long, slow death march. Instead, be mindful; focus on managing the effectiveness of each phase.
 
Of course, to do that, you’d have to know what phase you’re in. Maybe you’re hiring for the first time, and need to maximize that relationship? Maybe you’re just starting to build out KPIs to ratchet up your efficiency? Maybe you are winding down, and looking for an acquisition partner? No matter what phase of growth your law firms is at, the more you can focus on maximizing current objectives, the more money you’ll make, the happier you’ll be.
 
Live in the moment.
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Need an assist in choosing software tools that fit your law firm, we can help!
 
The Rhode Island Bar Association offers free law practice management consulting services through Red Cave Law Firm Consulting. To request a consult, visit the Rhode Island Bar’s law practice management page, and start running your law firm like a business.