Invitation to Take Law Firm Business Practices Survey

by | October 17, 2011 | Articles, Finance, Globalization, Marketing, Partnership Structures, Practice Group Management, Strategy

Adam Smith, Esq. and David Freeman Consulting Group are teaming up to conduct a unique survey of the legal profession’s business practices that you might find extremely valuable.

If you’re reading Adam Smith, Esq., we don’t need to tell you that law firms today are navigating uncharted waters.  Fees are under intense pressure, the lateral market has never been more competitive, client loyalty is at an all-time low, and “shotgun” mergers and outright firm dissolutions are on the rise.  “Steady as she goes” management is obsolete.

 
The benefits of participating in this survey go beyond merely collecting data on how the industry perceives key business practices. By using sophisticated survey technology, we can provide up to three perspectives on how well your firm is operating in today’s market:
 
  1. You will receive a confidential, customized report that identifies your firm’s results, AND 
  2. You will see how your firm compares to others who took the survey, AND
  3. If you are a member of a participating law firm network, you can also compare your results to the aggregation of firms within your network who complete the survey.  
     
The data you will receive can be invaluable to help you plan for, and get buy-in to desired initiatives for 2012 and beyond.
 
The survey is to be completed by your senior level leaders, and though short (it should take no more than five minutes to complete), it covers critical business-focused areas. These include strategic planning, revenue and profitability enhancement, lateral integration, business development, client service, mergers, professional development, compensation, financial management, leadership and organizational structure, etc.
 
Importantly, all responses will be treated with the utmost confidentiality.  All general reporting will be aggregated and anonymized; no individual or firm will be associated with any specific response (though your firm will receive a personalized report containing your particular results).  To see an example of a survey report, please click here.
 
 
The information you will receive from this survey can help you identify your strengths, as well as pinpoint critical areas that must improve.
 
To take the survey and to receive a link to send to your firm’s other leaders, please click here.  If you have any questions, feel free to reach out to David Freeman or me at any time.  (David is at 949.715.0819 and here by email; I’m at 212.866.4800 and here by email.)

We look forward to your participation.

 

 

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