Your goals reflect the specific, measurable priorities you`ve set for your business. One of the goals is for me to run two of my real rights bootcamps next year. Real law is a term I coined to identify my legal training as simple, simple and exploitable English. Q: How can managers ensure that the legal strategy aligns with the company`s strategy? Robert C. Bird is an Associate Professor of Business Law and Northeast Utilities Chair in Business Ethics at the University of Connecticut School of Business in Storrs, Connecticut. David Orozco is Associate Professor of Law and Director of the MBA Program at Florida State University College of Business in Tallahassee, Florida. I would like you to start thinking about your own legal strategy. I promise it will make a huge difference in the way you do business on a daily basis and accelerate your path to your ultimate goal. Q: What should CEOs think about to make better use of their legal resources? Does this require new organizational structures? Better training of executives and legal staff? Strategy Law, LLP lawyers represent small and medium-sized businesses, growth technology companies, financial institutions, and commercial real estate investors and developers. Strategy Law, LLP was founded on the premise that each client`s goals and needs are unique and that legal advice should be personalized, exceptional and comprehensive.
With years of experience in various practice areas, Strategy Law, LLP lawyers will work closely with you to understand your problems, explore opportunities, identify potential pitfalls, and develop a solution that best meets your needs. The partnership structure is a plus for companies because it creates a collegial environment, Dembovsky suggests. But unlike a company with professional managers, the shareholders of a law firm – its partners – are expected to run the business on a day-to-day basis. “As a result, they find it difficult to let go and allow others to take responsibility for finances, strategy or human relations. In many law firms, he notes, the lawyer with the highest fees is considered a good lawyer and is automatically chosen to lead the practice group, whether they are an effective manager or not. Susan Hackett, CCA`s general counsel, says the new approach to value is necessary because law firms have become so expensive that their fees often exceed the value of the problem they solved. “You can have a lot of lawyers and paralegals all charging for a $50,000 case, which is a total of $250,000. That`s crazy. These days, more and more customers are trying to negotiate flat fees for services to get a better idea of what their legal fees will be in advance, Chastain says, adding that the industry hasn`t always relied on hourly billing. Before World War II, an hourly rate was the exception in the legal tariff. Customers “want more value for their money, which means the hourly rate may not be the best way to set prices. This is something that law firms are not comfortable with.
The whole model with many employees working for partners is based on the fact that employees charge many hours. This was difficult in the early days of the firm`s strategy, as law firm executives often didn`t know what they expected from consultants. To be fair, consultants often did not have a thorough understanding of the particularities of law firms and the legal market in general. “Most law firms found this process disappointing because consulting firms like McKinsey or BCG didn`t understand much about the legal market,” Wilkins says, “and frankly, law firms didn`t understand much about consulting firms and how strategy works, so it wasn`t a good choice.” However, this is no longer the case, as many law firms now turn to a consultant at some point who seeks advice on strategic issues. And while the role they play and the advice they offer vary, law firm consultants are often the first course for strategy drivers, providing leaders with enough information and insight to implement strategies. You can feel safe knowing you have someone to call when you are faced with legal problems or questions. At Strategy Law, LLP, we take a holistic, client-centric approach to providing legal services and have built our practice as such. Our goal is to provide exceptional service to our clients in all business and real estate cycles. We take the time to carefully assess your needs and objectives in order to find solutions tailored to your situation.
Whether your concerns relate to starting and growing your business, protecting your assets, mitigating risk, or a merger/acquisition and exit, we work diligently to provide you with the legal advice that can help you achieve your legal goals. Our experienced attorneys can also assist you with financing, angel and venture capital financing, commercial and real estate loans and loan settlements, commercial real estate purchases, technology and licensing issues, and U.S. market entry issues.