So, today’s post is, “Is your Law Practice Optimized?” This post will guide you through a critical thought process to evaluate and optimize your readiness in addressing your Law Firm’s present and future business challenges and opportunities, using a high-level (CEO/Managing Partner level – Practice Management Planning Solution), that we simply refer to as a Practice Optimization Solution. To assess if your firm is strategically optimized, consider the following questions:

1: Do you currently have in place, a high-level (CEO/Managing Partner level), Practice Optimization Solution in place that helps you strategically plan and tactically manage and optimize ALL key aspects of your business?

2: Does your high-level Practice Optimization Solution help you “strategically” plan, document, and manage all your firm’s strategic objectives? Does it help you “tactically” prioritize and implement your objectives, while actively manage accountability with others? Does your current solution help you actively manage your organizational growth objectives, while monitoring your progress and effectiveness in ALL key aspects of your business? We know it’s a mouthful…but if you don’t have a Practice Optimization Solution like this in place, why not?

3: If you do have such a plan in place, is your high-level Practice Optimization Solution platform “independent” from your firm’s operational software platforms? If not…why not?

If you don’t have an independent high-level Practice Optimization Solution in place, the utility value and high R.O.I. is worth consideration. The benefits of having such a powerful solution in place cannot be overstated, especially one that remains independent from your daily operational software platforms. Why is this important? Consider these three points:

KEY CONSIDERATIONS:

• FIRST CONSIDERATION – A high-level Practice Optimization Solution ought to function independently from the daily operational software platforms currently utilized within your business. We hold the conviction that utilizing such a powerful management planning solution independently from other software platforms is crucial for strategic planning, tactical implementation, active management, and performance monitoring across the entire organization. Why? Because most law firm (and general businesses for that matter) software solutions are “Operational Components” to the business. While Operational Component software is extremely important to the daily operations of the practice, they DO NOT serve as a “Centralized Strategic Practice Management Command and Control Center” for ALL strategic & tactical planning and management of the business. The next point explains why…
• SECOND CONSIDERATION – If you did have such a high-level Practice Optimization Solution in place that was not independent of your operational component platforms, component replacement would not be possible, and this could negatively impact your business operationally and financially. What has become commonplace over the past two decades is the attractiveness of having “turn-key” solutions. We recognize there are scenarios and operational advantages where turn-key solutions can be very beneficial in daily operations (such as Matter Management systems integrated with Time and Billing systems integrated with Payment Collection services, etc.). “Turn-key” solutions often present significant operational and utility value for a law firm, making sound business sense until they fail to meet performance expectations. Turn-key solutions might present more challenges and potential risks if your needs or expectations change (which is often the case) or if operational components of the software fail to meet your needs or expectations. This could lead to the perilous inability of substituting non-performing operational software components for best-in-class components. The inability to substitute nonperforming or underperforming operational components can also become extremely expensive and disruptive to staff performance and client deliverables. This could ultimately have a negative and measurable impact on your financial results.
• THIRD CONSIDERATION – While the operational software component integrations are valuable for the daily business operations of your law practice, they are not substitutes for high-level strategic and tactical management planning solutions. If your high-level Practice Optimization Solution resides within your “turn-key” operational software platform, replacing underperforming components within the platform, will not be feasible, and as previously mentioned, this could ultimately have a significant negative impact on your practice productivity and financial results. For these reasons, we believe keeping the high-level Practice Optimization Solution independent from your operational software platforms will keep your strategic planning in an optimized position.

ADDITIONAL CONSIDERATIONS:

• The high-level Practice Optimization Solution under discussion, should encompass not just the administrative and operational facets of your Law Firm, but in all areas of your business including: Human Resources, Technology, Data Security, Artificial Intelligence, Business Growth, Sales & Marketing, Business Interruption, and Business Succession Planning to name a few. Should your existing high-level Practice Optimization Solution fail to cover all these aspects (or other areas), and should you desire to have an independent Practice Optimization Solution as outlined above, your search ends here…

THE SOLUTION:

GMS Business Consulting, Inc. has developed a high-level Practice Optimization Solution called TAP. It’s a powerful Tactical Action Plan that may be exactly what you need to strategically optimize your Law Firm or practice. When you have a high-level Practice Optimization Solution in place like TAP, you’ll position your Law Firm to gain a high Return on Investment, and you’ll experience Peace of Mind. To learn more about TAP…OR… to schedule a Free/ No-Hassle/ No-Sales Pitch TAP Demo, simply click one of the buttons below:

We hope this post has been informative and helps you in selecting and implementing a high-level Practice Management Planning Solution like TAP, to ensure that your law Firm is strategically optimized. When your Law Firm is strategically optimized, you’ll position your Firm for a high Return On Investment, and you’ll gain peace of mind…

GMS BUSINESS CONSULTING, INC. – Provides lawyers/law firms, for-profit & non-profit organizations, and business professionals with Value-Accounting Services, Business Management & Development Services (utilizing our TAP Solution), Business Optimization Services, and Digital Marketing Services. We help business professionals strategically manage and tactically grow their businesses with a high return on investment and peace of mind.  (We do NOT provide investment advice.)  Contact Us If you would like to learn more about our services, especially TAP, our high-level Tactical Action Plan Solution, designed to help you strategically and tactically optimize your business.  We would welcome the opportunity to speak with you.

info@gmsbusinessconsulting.com

707-218-3135