Securing Future Profit: Factors to Drive Law Firm and Practice Success

Date: August 15, 2017
12:00 p.m. CT

Sponsored by: Practice Management Segment within the Client Value SIG 

Domain: Business of Law and Client Services 
Competency: Project Management and Process Improvement 

No two firms are alike.  But what we can learn from those firms who have found a formula for success can help propel our firms to greater future profits.  This presentation explores the current state of the legal market, what has been contributing to firm profits for most of the past decade, and where future profits may most likely be found.  We will also explore how effective practice management and a focus on efficiency can help position law firms to develop effective strategies for an uncertain market, without hurting the firm’s current business.  While no strategy is guaranteed to work for every firm, understanding what has been most effective for some can help you evaluate what may be most effective for your practice.

Learning Outcomes:

  • Learn what is driving profit growth at many firms today, and whether that may remain a viable option for future profit
  • Explore strategies employed by some of the most successful firms in today’s marketplace
  • Examine how more efficient workflows can lead to an increase in capacity and ultimately, profitability.

William Josten, Senior Legal Industry Analyst – Client Development and Thought Leadership, Thomson Reuters


Price: Complimentary for Members