My colleagues and I at Walker Clark, LLC, occasionally encounter a law firm that should be much more successful than it is.
It has all of the ingredients:
Despite all of these apparent strengths, the firm seems never to move forward. The firm never is in a life-or-death crisis, but:
Having all of the right ingredients does not automatically produce a delicious cake. It takes intellectual discipline to follow a recipe. It takes an investment of time, effort, and resources. The proper tools must be used in the right way. There is also the risk that, even with all of the best ingredients and resources, the cake might either burn to a cinder or undercook into a gooey mess, if someone doesn't watch the oven and keep track of the time.
We have certainly seem this happen to law firms. It takes ongoing attention to the end goal, not just the assembly of the "ingredients" of a good law firm . In other words, even the most brilliant lawyers must ensure that their law firm is managed as an integrated business enterprise, and not just a collection of individual legal practices operating out of the same offices.
Without attentive management, even good lawyers can - and usually do - produce mediocre law firms.
Read more on the Walker Clark Worldview Blog.