Of Foxes, Hedgehogs and Law Firm Profitability (FM)

There is an old adage that says “it is a curse to live in interesting times.” The last three years in the American economy have indeed been interesting for everyone – especially America’s law firms. Have the responses been appropriate to the times we are experiencing or not? Does the current economic environment favor foxes or hedgehogs? The “hedgehog” answer to bad economic times is to slash costs. The “fox” solution to the same issues is to rethink everything.  While reducing costs can stave off disaster, it rarely leads to being a leader. Join this program to explore ways to use an economic challenge as an opportunity for future success.

Learning Objectives:
  • Rightsizing administrative staff;
  • Discuss how administrative staff can work better, not longer
  • Identify skill enhancements for partners, associates and staff that will lead to long term growth
  • Explain what functions should be performed by law firm staff and what functions should be outsourced

Vincent Bell, Director of Administration, Akin Gump Strauss Hauer & Feld, LLP, New York, NY, has been a legal administrator for 15 years. Prior to that, he held both administrative and financial positions with partnerships and large public companies in publishing, consulting and design industries.

Mark Santiago of Kerma Partners, a management consulting firm, specializes in outsourcing, mergers & merger due diligence, strategy development, firm restructuring, financial management, partner compensation, shared service centre feasibility studies, and merger integration planning and implementation engagements. Recent experience includes leading the teams that developed the business case rationale to outsource the administrative functions for the two largest law firm outsourcing projects in the United States. 

CLMSM Credit for live program only: 1 hour of Financial Management (FM) credit for CLMSM recertification and 1 hour towards the additional hours required for the initial CLM application of functional specialists.
 

This Webinar has been approved for recertification credit toward PHR and SPHR recertification through the HR Certification Institute (HRCI).
Seminar Information
Date Presented:
September 19, 2012 2:00 PM Eastern
Length:
1 hour
Foxes, Hedgehogs and Law Firm Profitability
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ALA Member Price:$129.00
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