LEAP Legal Podcast: Recent Episodes
LEAP Legal Podcast
With 35,000 law firm users, LEAP knows what it takes for a law firm to succeed. In this podcast, we provide insights into the habits common to all successful law firms, particularly how they use technology and agile work practices to work more efficiently and keep their staff happy.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
The Overcoming the Skills Shortage podcast explores this once-in-a-generation threat to law firms. In this podcast, LEAP Legal Software's Global Communications Lead, Wenee Yap, speaks to legal experts to find out how technology and flexible work practices can help overcome the skills shortage and work smarter, better and faster.
Consciously choose which areas of law you would like to be known for. Specialisation is essential, but select areas that are complementary, and able to weather economic downturns. Only through effective specialisation can you hope to build a quality reputation and attract referrals from clients - and even better, other lawyers.
As John Lennon famously said, “Life is what happens when you’re making other plans.” To succeed, you need a plan to build your firm as a business. To do more than just practise law. If you do some business development every week, at the end of the year, you’ll have done 52 things to improve your business.
How will your clients pay you? Don’t skirt around this issue. Look intensely at the payment process. Look at the terms of the retainer agreement. Bills cannot sit serenely on window sills waiting for the right wind to blow. Send them, ensure you get paid, and if you are not, stop work. Good firms establish systems from the start to ensure they get paid.
Picture this: You call your lawyer for the sixth time, unable to get through the previous five times. He finally picks up, and after some rummaging, says, “I can’t find your file! Can I call you back?” No client would take that call. Don’t be that lawyer. Digitise and organise your client information so it is instantly accessible to everyone in your firm, whether you are in the office, in court, with a client, or working remotely. It’s the kind of service your clients expect.
Don’t live in fear of compliance. If you build a well-organised, disciplined business, with standard procedures and processes, compliance will be a natural consequence of the firm doing good work.
Be obsessive about customer service. Don’t allow clients to walk into your firm to be rudely greeted or left waiting for an appointment. So many firms overlook client service. Providing exceptional client service is a simple way to seize a tremendous competitive edge. Make it easy for clients to read their documents securely, to interact with the firm online, to pay you, and to have the questions quickly answered.
Understanding your expenses is easy. Understanding the financial dynamics of matters is tricky. Good firms know how much profit they can make per matter type, allowing them to find the right blend of work to be profitable. If you can have every lawyer record what they are doing when they do it, you could unlock up to 30% profit, just from unrecorded or forgotten billings. This is what successful firms do to maximise their financial position.
A partner who once claimed, “I won’t train my staff because they might leave”, saw his law firm go broke, because you need good support staff to support your work. Don’t be dismissive about your support staff. After all, they are the single biggest expense after your partners. Recruit the best possible people. Give them a career path. Work with them to maximise their work life in favour of your law firm. You will be less stressed as a result.
Wells Fargo started life as a stage coach company. Now it is one of the most well-known banks in North America. Too often, law firms turn away technology, claiming, “No, our system gets the job done.” The mistake? No firm trying to run on decade old computer systems stays competitive. To succeed, firms must compete through constant innovation and new technology.
Efficiency is a choice. Law firms that choose to be efficient provide the fee-earners - the lawyers - with all the tools and technology they need for a productivity boost. But you need buy-in from enthusiastic employees to succeed.
To do a good job, you need to enjoy what you do. What gets most in the way of lawyers loving their work? Administrative disorganisation, a lack of standard procedures, and failing to set clear client expectations. What you can do to love what you do.