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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:
Profitability
· 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
Strategic initiatives
· Business development/marketing
o Emerging markets
o Associate development
o CRM (Customer Relations Management) system
· Practice area management
· Financial - Capitalization and debt restructuring
· Technology initiatives
· Industry standards and best practices
· Partnership/corporate structure
o Leadership development and succession planning
o Compensation, performance and decision making
ADMINISTRATion
· Administrative management in single and/or multi-office environments
· Staffing ratios, outsourcing, cost reduction reviews
· Work and paper flow analysis
· Virtual office and remote user management
· Insurance review
· Records, library and general facilities management
TECHNOLOGY AND COMMUNICATION
· End-user preference regarding systems and software
· Technology reviews/audits - Best Practices
· Manage and oversee migrations to Microsoft platform and programs
· Technology based Management Systems
o Document Management System (DMS)
o E-Mail Management System (EMS)
o Records Management System (RMS)
· Integrated accounting, billing, human resource and calendar programs
· Communication: VoIP, telephony, PDA, video conferencing and WAN systems
Project management and implementation
· Decision implementation and management
· Profitability initiatives and managing change
· Outsourcing functions and responsibilities
· Firm infrastructure
· Systems analysis and implementations
HUMAN RESOURCES & EMPLOYEE BENEFITS MANAGEMENT
· Employee recruitment, selection, review and management
· Leveraging of employee talent through outsourcing
· Best place to work initiatives
· Employee and partner insurance and retirement plans
· Draft, review, revise and issue employee handbooks
If you are ready to take a hard look at your operations, increase your profitability and distinguish your firm as a recognized leader, call or email for an initial complimentary consultation.
Respectfully,
Michael Steiner, CLM
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