Do you know your margins? Are you delivering your services efficiently? How can you increase productivity without increasing expenses or work hours? Are you prepared to compete in todays economic environment? How will you implement changes in your organization?
These are important questions in running a successful law practice and Steiner & Associates can help you address them. Michael Steiner, CLM (Certified Legal Manager) and founder of Steiner & Associates, has unique qualifications in law firm management and has increased efficiencies at law firms in Hawaii and the mainland for over 20 years. Working with your management team, Steiner can review your business operations and provide an honest and independent assessment.
With an eye on profitability, our assessment can focus on the following areas:
PROFITABILITY TECHNOLOGY AND COMMUNICATION STRATEGIC INITIATIVES PROJECT MANAGEMENT & IMPLEMENTATION ADMINISTRATION HUMAN RESOURCES & EMPLOYEE BENEFITS
An assessment of these areas will help build a solid foundation for your firm's future success. As needed, Steiner can also provide the resources to implement solutions which will improve your profitability for years to come.
Critical issues include:
·Attorney/matter profitability and efficiencies (utilization, realization and lost revenue)
·Revenue and expense review
·Accounts receivable management and stepped up collection efforts
·Client cost recovery, vendor review and contract negotiation
·Management of accounting and financial functions
·Financial reporting formats, trends and presentations
oCRM (Customer Relations Management) system
·Practice area management
·Financial - Capitalization and debt restructuring
·Industry standards and best practices
oLeadership development and succession planning
oCompensation, performance and decision making
·Administrative management in single and/or multi-office environments