What Is Law Practice Management Consulting?
Law practice management consulting is, essentially, business management
consulting for law firms. That may sound
basic, but law practice management consulting is a highly specific genre, that
contemplates the special components related to law firm management that do not
attach to running other small business, including the ethics rules that lawyers
must adhere to.
Why Does Your Law Firm Need
Business Management Consulting?
There are at least a couple of major reasons that it’s helpful for
lawyers to access business management consulting. The first relates to their educational
background. Only recently have law
schools begun to focus on teaching law students about business management --
and, even now that practice is only just beginning to gain acceptance. That means that the vast majority of lawyers
who have started law firms did so with no formal business training
whatsoever. The second reason why
business management consulting is helpful to lawyers is because, even after
those same attorneys are knee-deep in running their own law firms, they have
precious little time to gain practical business management skills. Oftentimes, even managing partners are
head-down on substantive work, and manage their businesses by the seat of their
pants. It helps to have someone with
experience and knowledge in law firm business management to talk with, in order
spot and resolve issues, and to keep you on track.
What Can You Do About It?
There are business management consultants who specialize in law firm
management, some of whom are lawyers themselves. Accessing a law firm business management
consultant can help you to address the major business issues facing your law
firm. If you’re wondering whether you’re
using the most efficient technologies, a law practice management consultant can
help. If you’re not sure whether you’re
getting the most out of your marketing efforts, a law practice management
consultant can help. If you want to know
for sure whether your financials are in order, a law practice management consultant
can help. If you want to grow your
practice, create a lifestyle firm or wind down -- a law practice management
consultant can help.
A number of bar associations offer law practice management
consulting services, and that number now includes the National Creditors Bar Association.
Through a unique partnership between the bar association and attorney Jared
Correia’s Red Cave Law Firm Consulting, NCBA members now have access to experienced law practice
management consultants. To get started,
visit the NCBA landing page at Red Cave's website, and start running
your law practice like a business.
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