May 01

Launch of Greater Manchester Chamber’s Legal Sector Employer (EOS) Initiative

GMCC Legal Sector EOS launchAround 100 people attended this launch at MMU Business School on 24 April, bringing together senior management from local law firms with Heads of local secondary schools and Sixth Form Colleges.

Go here to DOWNLOAD your free copy of the booklet that introduces what the Legal Sector Employer Skills Group (ESG) is hoping to achieve; aiming to help lawyers become more agile, competitive and sustainable, backed by significant Government funding under the Employer Ownership of Skills initiative which impacts widely on business development.

Working alongside Greater Manchester Chamber and the 9 legal practices leading the ESG, we are currently helping more local legal practices – of all sizes and focus – to get involved in this initiative.

Contact Allan Carton on 0161 929 8355 or acarton@inpractice.co.uk if you would like copy of the slides from the presentations or are otherwise interested in exploring this further.

Oct 25

UK200Group Annual Conference 2012 – Lawyers Welcome

The UK200 Group are the UK’s leading national quality assured grouping for independent chartered accountants and lawyers, who are looking to increase their law firm membership. 
 
Venue:  The Hilton, Newcastle-upon-Tyne
Dates:  21 to 23 November 2012
 
For background on the group go to the UK 200 Group.  You are invited to join their Annual Conference to experience how the network could benefit your practice. To find out who you are likely to meet, check out their Accountancy members and Law firm members listings.
 
This is an opportunity to explore new ways of developing your business and to create new connections that will help you generate new business through the people you meet.  They will mostly be accountants interested in developing working relationships with law firms, keen to collaborate with you.
 
The agenda can be downloaded below from our website.  Key highlights include speaking sessions, forums, Q&A’s and social gatherings with topics covering, for example: Business Strategy, Corporate finance, strategies to clarify thinking about the new world of business we are moving into post recession, profit improvement and successioin strategies for your clients … and much more.
 
To reserve your place or request more information – please go here
For more information contact Allan Carton.
 
 
 

Sep 19

Get your timing right for international conference calls, webcons and webinars

Check out  www.timeanddate.com and bookmark it for future reference as this tool will come in very handy for you some time soon. 

I guess most of us are dealing more and more with people working in different time zones around the world.  This great free tool helps you to convert times, work out what time it is with all your contacts when you’re trying to set up calls or attend webinars .. and  much more.

May 31

Re-Engineering the Business of Law – New York Times

Introduction and conclusions here to an excellent article from J. Stephen Poor, chairman of  international law firm Seyfarth Shaw, who were the first US legal practice to apply ”lean thinking” to legal business processes. 

From our experience in the UK, we wouldn’t say that improving productivity in the legal world is easy, otherwise everyone would have done it already … but it works to simultaneously reduce operating costs and to improve value for clients.  The starting point is to talk to clients about what they want that is different from what they get now to bring them on board.  They like it.  They want to work with you because it helps them get better value from you – but very few legal practices have that conversation.

According to J. Stephen Poor, whose experience is well worth exploring …

“True long-term success requires businesses to improve continually and reimagine how they operate in the face of changing competition and market forces. Yet this innovative urge, which drives so much of the rest of the American economy, is largely absent from large law firms. These address the traditional measures of law firm profitability …

What we did not anticipate was the resistance from other crucial stakeholders – especially clients. Much of what we’ve done is most effective when deployed in a collaborative change process with clients. What we overlooked at the outset is that, by and large, our clients are lawyers, too, and many of them are the products of the culture of their own business.

Understanding the various viewpoints and building the business case to involve this crucial constituency was something we learned along the way. The nature of the process requires a continuous, but slow march toward improvement and adaptation. Some things we tried worked and some did not.  Nevertheless, the continuous move forward takes persistence and, perhaps, a bit of stubbornness.”

Read the rest of this article in the New York Times (7 May 2012)

Contact us if you would like to receive a copy of a) our presentation to the Law Management Section on “Become a winning law firm – lean, agile, pro-active and innovative” or b) our recent article in the Law Management Section’s journal, “Managing for Success”

Allan Carton

Jan 04

30 Successful solutions to make 2012 a good year for your practice

2012 will see very significant change in the UK legal sector, when lawyers will need to be more agile, pro-active and innovative than ever before in developing the practice.  However, with the right focused initiatives and conviction to see them through, it could be a very good year for you.

For information on 30 pragmatic solutions that could help you implement your strategy during the year ahead please complete this contact form .   These solutions (number in each area in brackets) will help you to:

  1. Improve financial performance, strengthen your position in merger discussions, get more and better terms from your bank  (4)
  2. Improve your return on investment in IT, reduce cost of ownership, improve integration and user adoption … and productivity (4)
  3. CRM: Create new business opportunities through proactive management of client relationships, produce better results when adopting CRM “systems” (6)
  4. Reduce operating costs to improve bottom line profits, also improving service to clients. (5)
  5. Control manageable risks that impact on the performance of your practice (5)
  6. Adopt cost effective solutions for marketing & promotion (6)

To discuss your plans in any of  these areas informally and in confidence, please call Allan Carton on +44 (0)161 929 8355 or complete this contact form suggesting the best time/s for him to contact you.

Dec 29

Legal Process Outsourcing (LPO) – first steps?

When it comes to outsourcing legal process, I suspect there’s a misconception of what is actually being outsourced to third parties.  Much of what I see being outsourced is legal administration work – the routine and mundane work that lawyers really don’t want to do; discrete parts of the process, not the whole process itself. 

A couple of examples – in clinical negligence work, there tends to be a huge amount of documents, where it helps the lawyer to have the notes summarised into a concise document they can digest quickly to identify and reference key facts and issues.  There are also wider opportunities to deal more effectively with e-discovery of documents – where data held in multiple formats (from paper to electronic) can readily be searched, compiled, indexed etc to make all the information and evidence more readily accessible to the lawyers.

Both of these examples improve the process and the ability of lawyers at all levels to focus on getting the legal advice right – also reducing the cost of doing the job. 

Lawyers should be looking harder at every opportunity to improve the way they work to home in on more opportunities like these. For now, there should be more focus on the specifics of legal administration components of legal process to decide what can really be outsourced to benefit everyone involved.  Maybe establish a relationship with a legal process outsourcing company by doing some of this (or just transcription – as many have done) for starters to establish a collaborative relationship … and work with them from there?

To discuss, call +44 (0)161 929 8355 or contact Allan Carton

Nov 24

NW lawyers under pressure, but new initiatives are working … for some

A recent survey by PwC showed that the average profit margin for law firms operating in the NW has dropped to 13% (2010: 16%), although average profit per equity partner in the North West increased to £246,000, with 60% of law firms reporting an increase in profits in 2011. Nationally most firms outside the top 10 reported a fall in profits.

The 40% of firms most likely to report falling profits have been the high street operators most likely to be impacted by the introduction of Alternative Business Structures (ABS). The working capital performance of most law firms has held up well, with practices reporting improvements both in the number of debtor days and the length of work in progress – but this is an area where many firms have performed badly in the past so it’s no surprise that financial pressures have forced firms to focus more on these areas. They are the easiest to control internally.

Worryingly, a trend revealed by the survey is that “despite market conditions, headcount has started to drift up again. Utilisation rates for professional staff have been flat or even in slight decline. Equally surprising, given the focus on support costs, has been the renewed upward trend in the numbers of back office staff for many firms.” Larger firms have started to look at more efficient ways of operating their own business, looking towards legal process outsourcing, offshoring and even “North shoring” – ie. maintaining work in the UK, but carrying more of it out in the North where office space and salaries are cheaper.

Greater Manchester Chamber of Commerce, Legal Sector can help law firm members in Greater Manchester (all sizes and sectors) to improve and develop their business – to reduce operating costs, increase profits and launch effective new business development initatives. These are areas where we can deliver radical reductions in operating costs and improvements in service to clients. All part of the rationale for the work by the Greater Manchester Chamber of Commerce in supporting the Legal Sector.

To get involved, any employees of legal practices that are members of the Chamber can join their LinkedIn Legal Sector Group here, participate in LinkedIn local “Special Interest Sub-Groups” each relating to Legal Technology, Financial management, HR & People development and Facilities management. We are also organising local forums for members of each SIG like this one for people involved in Legal Technology scheduled for 11th January 2012. To check if your practice is already a member of the Chamber, all you need to do is apply for membership of the LinkedIn Legal Sector Group here and we will take if from there.

Your practice could become members if any of your offices are located in the Greater Manchester area.

Download membership fee details here.

Allan Carton

Survey information courtesy of the Business Desk

Nov 07

Key Benefits: Membership of Greater Manchester Chamber of Commerce Legal Sector

We are working with Greater Manchester Chamber in developing a “Legal Sector” as per our earlier post.   Here is a list of some of the key benefits that lawyers operating in the Greater Manchester area can tap into as active members.

Business Development

  • More than 5,000 businesses are members across Greater Manchester
  • Member list – to plan focused development of business relationships
  • Involvement in the local business community
  • Attendance at events, with increasing use of the Greater Manchester Chamber of Commerce LinkedIn groupto help develop relationships.  Events include, for example, Business Leader Lunch, City & Business Breakfast and Regional Breakfast meetings.
  • New member introductions – giving you the opportunity to be first to make an impression
  • 53 Degrees – to keep in touch with local activity and for promotion
  • Sponsorship of events - including “Legally Speaking”
  • Access to key business contacts operating in niche sectors for example, in Property & Construction
  • Use of the Chamber logo – for client empathy
  • Chamber Online – procurement website
  • Linkedin Connections on Legal Sector events, to keep in touch with legal colleagues.
  • Access to extensive market research on the local business community

… and more.

Direct Financial Benefits

… and more

People Development

… and more.

Added Value

If you are considering membership, please complete this contact form or contact Allan Carton for more information.

Nov 07

FREE Online Time Zone Converter, Global Meeting Planner and much more – really useful!

I’m sure more an more of you find that you are are setting up and getting involved in online meetings (telephone and webconferences) with people located in a variety of time zones around the world.  Personally, these now regularly range from the east and west coasts in the US to India, Australia, South Africa and even South America – in addition to Europe and the Nordic countries. 

So this little online tool has been a great point of reference in co-ordinating people – and there are a lot of other useful tools here to help with meetings across time zones and travel – all FREE, even if you register for extended tools.

Please check it out at http://www.timeanddate.com/worldclock/converter.html  and let me know what you think.

Allan Carton

Sep 26

How to set up 2 monitors to improve efficiency

Working more and more with lawyers on introducing “lean” business processes that can reduce operating costs by between 5% and 20% – we find that lawyers can be much more productive working with 2 monitors so they really can be doing 2 things at once – viewing their diary and emails on one whilst working on a document on the other; or comparing 2 documents on screens side by side. It makes a heck of a difference and helps move lawyers from paper files to more routine use of electronic and scanned documents.

All of this moves you a step closer to the paperless office, although that’s still some way off for most firms. Many lawyers (in both large and small firms) don’t realise just how easy it can be to set this up or how big a difference it can make until someone tries it out. We strongly recommend that you do.

Here is some practical guidance on how to set up dual screens. With relatively recent Microsoft applications (which virtually all lawyers use), all you pay for is an additional monitor (where prices have plummeted) and maybe a cable.

How to set up dual monitors >>

We can also help you find cost-effective options to scan documents to get rid of paper, which can make huge improvements in productivity across your practice. Keep an eye out here for more information on this coming soon.

For more information contact Allan Carton.