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Real issues facing the profession
There are encouraging signs that the business environment is improving as the country comes out of recession but there are still some big challenges ahead for the legal profession.
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Client service
Professional services is a very competitive environment whether you are in a consumer facing model or one that operates B2B.
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Improving financial performance
Most if not all of the Top 200 UK law firms now have a Finance Director or at the very least a Financial Controller to oversee their accounts function.
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Changing management structures
Whilst mobility has increased and is likely to continue to do so, many within the legal industry stay with a business for a long time.
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Achieving strategic growth
Most business plans are about achieving growth or change. The important thing is to make sure it is the type growth or change you want and that it is realistic and achievable.