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Best Practices & Firm Management
The word “alternative” is definitely trending in the legal zeitgeist. Beginning with the U.K. Legal Services Act and accelerating through the legal tech startup boom, discussion about the growing importance of Alternative Business Structures (ABS) and Alternative Legal Service Providers (ALSP) has become a cottage industry in the legal press, and increasingly in the legal academy as well. And yet, for all of the talk about the growing importance of these “alternatives,” the very discourse used to cast these new providers as the harbingers of impending dramatic changes in the market for legal services continues to marginalize and mask their true significance.
According to a recent survey conducted by State of the Global Workplace, organisations with high scores for employee engagement showed just over 20% higher levels of profitability compared to those who did not value the practice as much. The same survey revealed that barely 7% of UK employees are actively engaged at work.
How are law firms using new media?
For a number of years now, law firms have employed new media to market themselves to existing clients, reach out to new ones, and recruit new talent. Facebook pages, LinkedIn profiles, and Twitter pages are common. They provide opportunities for firms to describe what their lawyers have been up to (such as high profile cases, awards and nominations), profile new employees, and share pro bono and community initiatives that the firm is involved in. New media is certainly a useful tool that will continue to be part of the business development strategies of many firms.
By: Debi Galler
Mindfulness is not simply a new wave, touchy feely program. CEOs, senior executives, and lawyers are using mindfulness as a tool to help promote retention, talent advancement and innovation. As noted in a recent article in the Harvard Business Review, “How Meditation Benefits CEOs”, by Emma Seppala, the research on mindfulness indicates that mindfulness meditation hones skills like attention, memory and emotional intelligence.
Robin Lokhorst, Managing Partner at McLeod & Co. LLP (Alberta, Canada), discussed a variety of firm management topics in an article titled "New Tricks" which was featured in Canadian Lawyer. Mr. Lockhorst and other managing partners from Canadian firms talked in depth about the