Tuesday, September 11, 2007 7:47 AM
I have often found checklists of touchpoints or goals (if well done) to be useful. They can serve as quick reminders or reference points to help keep plans/strategies in motion and on track.
To this point, Tom Collins posted, at More Partner Income, just such a checklist this morning, this one a Checklist for Increasing Law Firm Productivity.
Some highlights:
- Employ professional administrative staff to reduce opportunity costs (lost billable hours) of partners involved in management
- Stop the hoarding of work by partners with a compensation plan that emphasizes rainmaking, handing off work and delegation
- Intensify training of young lawyers to shorten learning curves and improve productivity earlier in their careers
- Substitute lateral hiring for law school recruiting
- Add laterals with an established book of business
I am often struck by how straightforward and simple the solutions appear to be, and yet how many difficulties law firms have in actually getting them implemented and executed.
You can read the above points in context, as well as numerous others that Mr. Collins has shared via this link: Checklist for Increasing Law Firm Productivity.
Good stuff.