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. These differ dramatically depending on the type of market you are seeking to serve, for example;
• Sole practitioners and small firms – have you got adequate routes to market?
• Personal injury firms – have you addressed both the referral fee ban and the reduction in fees?
• Commercial firms – can you compete in the anticipated war for talent?
• All firms – Is your business model efficient enough?
The truth is there is no single answer but one things is for sure, none of us know everything about everything and we should all be prepared to listen to different opinions and views which can benefit our businesses; I believe this is where Jackson Hughes Consulting can add real value.