Welcome to The One Minute
Manager. Our goal is to provide you with quick
tips that will enhance the success of your practice.
Within 60 seconds you will gain an idea that will
increase your profitability or simply ease the burden
of a difficult management issue. We hope you will
find
this a valuable resource.
The One Minute Manager . . . . .
An expression has been coined for the law profession
that may be the underlying cause of many client
complaints. ?Lack of Slack? describes the frantic
pace of law firms where there is little time to deliver
the level of service that all lawyers are interested in
offering their clients.
A heavy workload takes its toll on lawyers but the
anxiety level builds further when clients complain
about the time it takes you to return their phone
calls. Clearly the number one complaint of clients is
promptness of communications either by telephone or
email.
Client service is often the only differentiator that law
firms can offer in a marketplace filled with highly
competent lawyers. Today?s business and consumer
clients demand ?super-service?. A telling statistic is
that 60% of clients that shift to other firms were
generally satisfied by the service level of their
previous firm. Just providing client satisfaction is no
longer a sustaining factor.
The dilemma is that high billable hours is the
economic driver for a profitable firm. However, if you
focus your practice on the higher margin clients and
reduce your marginal clients, you may gain a more
effective delivery model. The 80/20 rule suggests
that you earn 80% of your income from 20% of your
clients.
We again see that improving the quality of your
client base is an important critical success factor.
Adept business development skills will allow you to
become selective and purge those clients that
consume time and cause a ?Lack of Slack?. Building
in a slack factor will better serve your key clients
and reduce lawyer anxiety levels.
Robert Hardie, Managing Director
Management Counsel Group
phone:
(416) 402-0759