In-house counsel aren't crying out for more lawyers or bigger law firms with more offices and practice areas, says consultant Eric Dewey. Rather, they're asking law firms to become better aligned with their business interests, to understand their businesses more deeply, to become familiar with their technology and their processes, to continuously improve their efficiency in delivering legal services and to elevate their levels of service. Dewey says that's why law firms should come up with a strategic plan.
May 15, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Strategic planning is a firm’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and human assets. It is the formal consideration of a firm’s future course.
All strategic planning deals with at least one of three key questions:
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