It is great to see law
firm business functions continuing to evolve at such a rapid rate.
Across each of the law
firm business functions; Administration, Marketing, IT, HR, Accounting, Risk, etc., there are tactical workflows that are subject to automation and centralization.
Not exact matches
Global consulting
firm Accenture recently published a report on regulatory compliance
functions within global
businesses that outlined three basic approaches to regulatory compliance:
Outsourcing some or all of these
functions to a
business - management
firm can save tens of thousand of dollars annually.
One trend that has a lot of value for small, closely held
businesses is the hiring of an outside
business management
firm to cover the accounting, bill / pay, human resource management and risk - management
functions tneeded to run a successful small
business.
Private equity
firms have been keen investors in
businesses that help companies cut costs by outsourcing large parts of their administrative
functions, since such operations can generate strong cash flows.
We take advantage of the our multistate office system by providing alternate locations from which our employees can temporarily perform essential
business functions in the event of a
firm or community - wide disruption.
Even though
firms still report struggles and obstacles in dealing with large quantities of data, it's improving their
businesses across a range of operational and strategic
functions.»
Export Management Company — This a
firm that
functions handling exports for several different
businesses.
British, Dutch or French
firms do most
business with other European ones and these
firms can hardly
function without clear rules on competition and without regional institutions able to enforce these rules.
Marketing has taken the present role of the central
function around which all the other
functions of the
business like operations, supply chain, human resources, and sale revolve and support the marketing objectives of the
firm.
Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration
functions of the New York Stock Exchange, FINRA is the largest non-governmental regulator for all securities
firms doing
business in the United States.
In addition to his local and area leadership responsibilities, as Managing Partner for the past 20 years, he has had full P & L responsibilities, client service, acceptance and retention responsibilities, been responsible for the leadership, development and growth of the Audit, Tax and Advisory
functions, lead all major
business development initiatives, had responsibility for all HR, technology and real estate decisions, and represented the
Firm in the community from a professional reputation and civic leadership standpoint.
«Becoming a partner was an important step in two ways: it was a positive signal to
business services
functions that we make a different but equal contribution to the
firm,» says Airey.
He provided «some general thoughts about the development of a sales
function within a law
firm, which include some concerns [he has] considered and confronted over the years in [his] role as the head of marketing and
business development for a large, globally integrated law
firm.»
We have seen this too in the monumental growth of
business services
functions in law
firms in recent years.
Personal injury law
firm selects Aderant Total Office to improve collaboration and streamline critical
business functions.
For some time now, we have seen
firms moving more
business functions out to regional offices, as they seek to balance an increased need for
business talent with
firm - wide cost - efficiency.
Offshore law
firms are rapidly evolving their
business services
functions.
There is general agreement that offshore
business services
functions mirror those of onshore
firms.
, his recent article in Bloomberg BigLaw
Business, Aric Press, former Editor - in - Chief of The American Lawyer, and now a partner at PP&C Consulting, raised an important question about how the sales
function is organized and resourced in BigLaw
firms.
Candidates who have gained experience in the sophisticated
business services
functions of large UK
firms are in high demand in US
firms seeking to up their game in, say, marketing and
business development.
We have an established program that is designed to help your
firm assess its marketing and
business development
function to ensure you have the correct resources to support the competitive environment
firms find themselves in.
How She Got Here: COO for Barclays US legal operations Global Chief Administrative Officer for Lehman Brothers legal and compliance
function Founded a consulting
firm to help other
firms optimize their
business operations
At this year's Techshow, it announced the addition of a complete law
firm accounting system, including both general
business and legal - specific accounting
functions.
A new blog, Law
Firm Diversity, describes its purpose as promoting a rational discussion about the so - called business case for law firm diversity: that «the creativity and problem - solving ability of a group is a function of diversity.&ra
Firm Diversity, describes its purpose as promoting a rational discussion about the so - called
business case for law
firm diversity: that «the creativity and problem - solving ability of a group is a function of diversity.&ra
firm diversity: that «the creativity and problem - solving ability of a group is a
function of diversity.»
The time that may be saved through the use of a VLO may allow the traditional
firm to continue to generate revenue while the members may focus more on the actual practice of law rather than dealing with administrative and rote
functions of the
business of law.
Although Skoler says marketing is Sokolove Law's core
business, he objects to the notion that the
firm functions as a referral service.
Barry: Right now, law
firms tend to piecemeal these
business management technologies together without a cohesive plan of how it all fits together, which leads to incompatible or inefficient measurements of core
business functions and makes it nearly impossible to -LSB-...]
My experience as a recruiter was that newly - qualified and junior assistants had next to no understanding of how law
firms function as
businesses, and a large degree of disconnect between their personal billing targets and how the
business operated.
At present, Big Data tools for the legal profession are focused primarily on helping law
firms to enhance their internal
business functions and processes, such as time management and billing, or for predictive analytics in a range of internal legal applications.
«It suggests Freshfields is serious about taking the
functions that can be moved into that kind of centre — HR, IT, marketing and
business development — it's like they want the people doing legal work in one location and everything else the
firm does in another,» says Furlong who recently published a new book: Law Is a Buyer's Market.
However, the report also noted that the focus of law
firms» internal audit
functions was on financial and compliance risk, a more restricted approach than would typically be expected in corporate
businesses.
When managing partners and their executive committees view their
firm as a
business — a multi-million dollar
business — it's easier to see that marketing is not a separate
function of the
business, but an on - going and core part of the corporate fabric that drives revenue.
Three key drivers are transforming legal from an internal law
firm to a
function that drives value for the
business.
As specialist recruiters of BD and marketing professionals into law
firms, Totum is often asked to provide this kind of data, which can support a
firm's decision making on how best to resource this critical
function in today's legal
business.
Though the
function has come a long way, outside a handful of notable exceptions, most law
firm leaders still have some semblance of the «I don't get it» mindset «when it comes to the professional management of marketing and
business development.
As a law
firm, your website should
function as a vehicle to attract new
business for your
firm.
According to the U.S. Department of Labor, «growth in demand will be somewhat mitigated because in an effort to reduce money spent on legal fees, many
businesses increasingly are using large accounting
firms and paralegals to perform some of the same
functions that lawyers do.»
Base IT operations practices vary by law
firm, but every law
firm IT
function should include a focus on applications, infrastructure and computing, client support, technology risk management, IT
business management, IT project / program management, and other elective administrative areas.
Ethien is a newly - established
business based in London providing advisory, managed legal services and technology to law
firms and in - house legal and compliance
functions.
In this feature, we seek to understand the challenges faced by
firms implementing consistent bonus schemes across
business services
functions, and in so doing provide some insights into how
firms can address the obstacles to deliver bonus schemes that help attract and retain the best
business talent from both within and beyond the legal sector.
Linklaters is planning to form a dedicated PRC law capability in China, as the
firm brings in Deloitte for a review of its global
business services
function and pushes ahead with the long - running review of its lockstep.
You can also restrict access to certain
business functions, such as creating final invoices or monitoring
firm finances.
Firm brings in Deloitte to review its
business services
function as new managing partner Gideon Moore sets out his aims
Global
firm looks to slash up to 18 % of its support staff in the UK following a review of its
business support
functions
Ian oversees the
firm's marketing and
business development
functions, including marketing strategy, marketing communications, digital media, public relations, and client events and outreach.
«Law
firms, corporate legal departments and other legal service providers are invited to submit innovations from any practice area or
business function to four broad sections: legal expertise, the
business of law, and new sections looking at collaboration, and the rule of law and access to justice.»
Her work for
firms ranging from 100 to over 1,000 lawyers has impacted the profession in many ways, including promoting a broad - based increase in the perceived value that
business development
functions can have on law
firm profits.
In his various
functions, Tobias Heining has been dealing with product development in law
firms and its effects on the legal market as well as
business models of the future since 2007.