Law department business plan

PPC ads? Here are the key pieces of information to incorporate: Firm Overview A brief overview of your law firm sentences Services A short description of your services and the problems you solve for your clients Goals Your goals for the firm — where would you like to be in 1 year?

strategic legal department

By Aaron George August 24, A law firm is typically a group of lawyers who happen to be running a business, not a group of businesspeople who happen to be running a law firm. Market Analysis A thorough market analysis is one of the most important parts of your business plan.

developing a legal strategy

Pay per lead services? For example, if the company is known to marginalize and generalize lawyers as hindrances, the team should be able consider this fact in the strategic planning process.

Part of this also requires the legal department to understand how legal dollars are spent and evaluating where or what you spend them on.

Objectives of a legal department in a company

You may also see two page strategic plans. But they are critical parts of running a business, which is all a law firm is at the end of the day. It also defines the roles of any staff members or outsourced support help you will need. Do not sit mulling over whether a data should be taken as a goal or an objective or whether or not your mission statement or core values is a perfect-fit for the kind of services you are able to provide. Being acquired by a larger firm? Will you have partners, paralegals, admin assistants, receptionists, etc.? In other words, law comes first and business comes second. You simply cannot perform good strategic planning without good budget planning. Financials Last but certainly not least comes the Financials section. Part of this also requires the legal department to understand how legal dollars are spent and evaluating where or what you spend them on. You may also like. It is therefore important to build metrics that would address the collection of data and then use it as part of the planning process. So plan this section out carefully, and also consider how your operations will evolve with time as your practice grows.

What are the unifying principles that you and your organization must always strive to adhere to? Things like technology, marketing, sales, and finance are afterthoughts at many firms they never teach you these topics in law school.

sample kpi for legal department

Think about what your primary motivations were for starting your firm. Pay close attention to how other firms market themselves — this will help you come up with some marketing ideas of your own, and find ways to stand out from the crowd Marketing Strategy Through which channels will you promote your firm?

So plan this section out carefully, and also consider how your operations will evolve with time as your practice grows.

Legal department operations manual

What are the unifying principles that you and your organization must always strive to adhere to? What is the average amount of revenue each client will pay your firm for the services you offer? PPC ads? Do not sit mulling over whether a data should be taken as a goal or an objective or whether or not your mission statement or core values is a perfect-fit for the kind of services you are able to provide. Will you have partners, paralegals, admin assistants, receptionists, etc.? Competitors Take a close look at your competition — identify a list of other firms that are targeting and competing for your target clients Positioning Think about how you want to position your firm in the market — what will be your unique selling point or competitive edge? Part of this also requires the legal department to understand how legal dollars are spent and evaluating where or what you spend them on. Services What practice areas will you cover and what specific types of services will you provide to your clients? Are you just going to be a sole practitioner? It is therefore important to build metrics that would address the collection of data and then use it as part of the planning process. But they are critical parts of running a business, which is all a law firm is at the end of the day. It describes the various policies and procedures you will implement for common processes like intake and billing. Do not over-analyze By tradition, a strategic planning process follows a certain analysis, but you should be wary of receiving details that are too complex. Pay close attention to how other firms market themselves — this will help you come up with some marketing ideas of your own, and find ways to stand out from the crowd Marketing Strategy Through which channels will you promote your firm?

Do not over-analyze By tradition, a strategic planning process follows a certain analysis, but you should be wary of receiving details that are too complex.

What is the average amount of revenue each client will pay your firm for the services you offer?

In-house legal department mission statement examples

Monthly Overhead Once your firm is up and running, what ongoing costs will you face on a recurring basis? Are you just going to be a sole practitioner? Expansion into other locations? Check out our law firm marketing plan template for more guidance on this step IV. But they are critical parts of running a business, which is all a law firm is at the end of the day. Will you hire outsourced help or virtual receptionists? Once you have a solid plan in place, then you go back and encapsulate your overall strategy and goals into a single page, which will become the Executive Summary.
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Strategic Planning & Legal Operations Leadership