How do you know if your law firm could be doing better? Christian Stadler, writing in the July–August 2007 Harvard Business Review answered that question this way:
“Benchmarking is the obvious answer, but not by comparing poor companies with good ones. The way to get at this problem is to compare good companies with even better ones.”
Stadler’s comment is a reminder of the important role benchmarking plays in driving law firm performance and is insightful commentary on how benchmarks should be used. If you depend on surveys for benchmarks, don’t overlook emerging continuous benchmarking service alternatives. The new tools from the likes of Juris and Redwood Analytics promise to replace stale survey information with a continuous flow of automatically collected “current” operating metrics.
Morepartnerincome.com is sponsored by Juris®. For information about Juris products and services for increasing law firm performance and partner income contact Juris National Sales Center:
877/377-3740, e-mail info@juris.com or go to www.Juris.com.
Posted
Wed, Jul 25 2007 1:47 PM
by
Admin