Successful law firm management requires an effective leader, capable of directing an orchestra of functions––legal work, marketing, hiring, management of employees, compensation, technology, client relations, vendor management and more. And doing so while addressing the unique needs and demands of lawyer firm owners; herding cats or teaching pigs to dance are a couple of metaphors that come to mind.
Law firm management is one of the pillars of the ABA’s Law Practice Division––and one of the annual issue topics of Law Practice––because of these unique and ever-changing challenges affecting law firms of all sizes; from a solo law office to a large multinational firm. This issue once again provides essential tools for anyone engaged in law firm management.
We lead off this month with a feature article by Laura Hartnett, entitled “It’s a Process, Not a Plan: Problem Solving for the Future of Legal Work Through Design Thinking.” She suggests applying design thinking concepts to the challenging issue of law firm succession––not just through the lens of who will take over client files when someone departs the firm, but how to pave the way for junior partners and associates to take over firm ownership and management.
Next, Megan McGrew addresses the role of project management techniques in “Adages and Subtraction: Lessening the Administrative Burden of Developing a Succession Plan Through the Use of Legal Project Management.” She suggests ways to apply legal project management techniques to succession planning, such as employing the phases of engagement, development, execution, closing and evaluation.
The theme of succession planning continues with Adam Kilgore’s article “Planning Ahead: Protecting Your Client’s Interest in the Event of Your Disability, Retirement or Death.” All lawyers must stop practicing at some point, but many focus only on a planned exit. Just as important is planning for the unexpected. This article helps provide a framework to protect clients and the firm.