Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
LAW FIRM MERGERS – PART 4: MAXIMIZE THE ROLLOUT!This is the final chapter on law firm mergers and the importance of early involvement by marketing leadership. What can you do to maximize the “rollout” which begins in earnest after the “launch” is over? It needs to identify what the marketplace really wants, and it delivers it.The launch is a press releasee. the rollout is the real meat and potatoes of merger marketing. It requires an in-depth knowledge of your own resources in terms of people and expertise. those resources can be tough enough to identify at your own firm.In a merger, it requires an assiduous cataloging of what the two firms bring to the table. It should confirm the wisdom and value of the merger.
LAW FIRM MERGERS – PART 4: MAXIMIZE THE ROLLOUT!This is the final chapter on law firm mergers and the importance of early involvement by marketing leadership. What can you do to maximize the “rollout” which begins in earnest after the “launch” is over? It needs to identify what the marketplace really wants, and it delivers it.The launch is a press releasee. the rollout is the real meat and potatoes of merger marketing. It requires an in-depth knowledge of your own resources in terms of people and expertise. those resources can be tough enough to identify at your own firm.In a merger, it requires an assiduous cataloging of what the two firms bring to the table. It should confirm the wisdom and value of the merger.
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.