Survival of the Leanest: Law Firms Are Going to Be Stripping Overhead in the New Normal

For years, law firms have been able to access reduced overhead expenses, across a number of categories, including office space, about which we wrote last week.  But, that cost reduction can extend to technology and staffing, as well -- especially since technology upgrades often lead to workflow automation, which often reduces the size of staff, or focuses existing staff on more important, less rote tasks. 

Yet, all those advantages have existed for law firms for years, and they have been reluctant to take advantage, for whatever reasons.  Even now, as the general economy and law practice have been shaken, many attorneys remain resistant to change their decisionmaking to reflect the realities of a modern, virtual legal practice. 

 

There’s also this: With unprecedented economic pressure in place, the vast majority of law firms will start to virtualize, which carries with it reduced office space requirements, reduced staffing needs and more flexible technology.  So if your law firm doesn’t modernize, you’ll be swamped by those who do. 

 

Let me save you the suspense: you can’t beat ‘em, so join ‘em. 

. . . 

 

If it’s time to think about your law practice in a whole new way, we can help. 

Through a unique partnership between the bar association and Jared Correia's Red Cave Law Firm Consulting, Vermont Bar Association members now have access to experienced law practice management consultants at a special discounted rate.  To get started, visit Red Cave's Vermont Bar Association landing page, and start running your law practice like a business.