Tuesday, April 01, 2008

Strategic Planning in law firms

I saw a fascinating tidbit in a blog on law firm profitability today...just thought I'd like to share it with you:

http://www.morepartnerincome.net/2007/12/10/law-firms-with-strategic-plans-more-profitable
/

One of the most interesting points in the article is that while a huge majority of firms that do strategic planning say it improves their profitability, 74% of law firms don't do strategic planning!

It also refers to an interesting article about why strategic planning is such a problem for law firms, written by a partner in a large firm:

http://www.lawmarketing.com/pages/articles.asp?Action=Article&ArticleCategoryID=58&ArticleID=475

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