In today’s business environment, successful law firms rely on change and innovation to maintain a position of strength amongst the competition. As law firm leadership transitions and evolves and firms adapt to new market realities, the need for effective growth strategies, expert practice management and adaptive marketing and operational strategies is more crucial than ever. Partners are exploring strategic planning, consulting and advisory services to keep up with changes in the industry and the new wave of demands – from customers and clients.
Withum’s Law Firm Advisory Team is heavily immersed in the legal industry and offers cutting-edge expertise on law firms’ present needs. Our team provides law firm consulting services and acts as trusted advisors to support firm leadership with business needs and initiatives. We can assist you with practice management solutions, consulting on strategic development and execution, compensation and succession plans, leadership development, pricing and profitability, cost management, and client relations, among other business needs. Withum also brings digital transformation
and information security and artificial intelligence services to law firms that want to modernize, digitize and automate their business operations and service delivery.
Law Firm Advisory Services
- Strategic planning
- Succession planning
- Governance, organizational review and assessment, culture
- Law firm mergers and acquisitions
- Compensation, financial analysis, financial management/buyout
- Practice management
- Leadership retreats
How We Can Help
A documented strategy for managed growth is critical to your firm’s success. Your firm needs to develop practical, executable strategies to align your business goals with clients’ needs and maximize your investment of time and resources. Whether you are considering updating your firm’s long-term goals, expanding in key practices, industries or geographic footprint or engaging in leadership and client successions, a strong strategic plan ensures the success of your initiatives and that your internal systems and firm culture are aligned to support that growth.
- Firmwide strategic plans
- Strategic growth plans for mergers/acquisitions
- Succession planning
- Department/practice group strategic planning
Management, Operations and Finance
In a highly competitive and rapidly-changing market, firm leaders face unique management challenges. The Law Firm Advisory team leverages deep legal industry experience, a national team with a breadth of financial management and accounting experience and cutting-edge technology professionals to work with your firm, departments and teams. Together, we ensure that your firm is meeting profitability and growth goals, managing effectively, utilizing effective service delivery models and has the appropriate structure and leadership in place.
- Organizational review and assessment
- Financial and profitability analysis
- Practice group management
- Compensation plans
- Digital transformation projects
Retreats and Professional Development
Firms are finding new ways to connect, come together, plan for the future and positively reinforce firm culture through firm, executive and practice team retreats. Our Law Firm Advisory Services Team works with firms to develop and facilitate informative, fun and memorable law firm retreats with effective substantive programming. Firm management, department and industry team leaders, partners and executives are also seeking to improve their effectiveness in leadership, management, marketing, business development and client relations. We deliver custom seminars and workshops to help firms in developing effective, well-rounded legal leaders and professionals.
- Firm, executive and team retreat planning and facilitation
- Custom, in-house training program for leaders, managers, new partners and professionals
- Professional speaking at conferences, seminars, retreats and seminars, webinars and other events
Brand Strategy and Marketing
Marketing your business is imperative for continued growth, strengthening your market position and staying ahead of the competition. A successful business strategy includes comprehensive branding, marketing, social media and business development plans. Now, more than ever, it is critical to communicate with your clients to ensure that you understand their needs and requirements as well as their satisfaction and loyalty.
- Brand strategy development and execution
- Marketing/business development planning for firms, departments and professionals
- Marketing/business development department audits and needs assessments
- Client satisfaction/experience interviews and surveys
- Outsourced Chief Marketing Officer Services