Table Of ContentForeword to The Legal MBA, Foreword to The Legal MBA Essentials, Preface to The Legal MBA Essentials, Goal Setting in Law Firms and for Lawyers, Goal Setting and Strategy are different things, Setting SMART goals, Law Firm Strategy, Generic competition strategies, Differentiation, Cost Leadership, Focus, SWOT Analysis, Market Strategy for Law Firms, Defining your market strategy, Segmentation, Targeting, Positioning, Service Propositions and Priding, The importance of service propositions and pricing, What client goals and problems do you address?, How can you add more value to clients, Beyond the billable hour - pricing your services, Operations - People, Process, Technology and Data, People - Designing your team shape and size, Understanding process - Process Mapping, Improving Processes - Lean Six Sigma, Technology, Change and Project Management, Data, Personal Effectiveness, Prioritisation, Maximising Your Effort for Impact, Determining Urgency, Deleting Tasks, Delegating Tasks, Automating Tasks, Just Do It, Finance Commerciality and Profitability, Fundamentals of a Profit and Loss Account, Key Levers to Practice Profitability, Key Levers to Client/Matter Profitability, Cashflow and Lockup, Budgeting, Managing and Leading a Team, Managing Individuals, Role of HR (Human Resources), Managing Teams, Relationships, Conclusion to The Legal MBA Essentials, Summary of Tables and Illustrations, References, Index
SynopsisLaw school and your training contract may have taught you the practice of law, but this book will enable you to master the business of law.James Markham and Darren Mee's combined 30 plus years of legal sector experience brings the theory of a traditional MBA to life with case studies and worked examples, providing lawyers and law firm professionals with the core foundations of strategy, marketing, finance, management and leadership to succeed in a law firm.Master the business of law today and take your practice to the next level.