When building a new Law Firm, you should set KPIs and vision statements for the company. A vision statement should be more than a one-liner; it should be clear, measurable, and easy to discuss. You should also document your values and mission statement. Your business model should revolve around solving problems for clients, offering services at a fair price, and understanding the trends in the legal profession. Here are some examples of KPIs and vision statements:
Cravath: The entire partnership meets for lunch at 1:00 pm each Monday. Its tradition dates back to the 1920s, and its team handles a majority of the world’s mergers. The firm has created the “poison pill” strategy to fend off hostile takeovers. If you’re considering a new Law Firm, consider implementing a solid marketing strategy. If you’re just starting out, make sure to explore all the avenues available to you and commit to implementing the most effective strategies.
The Law Firm recently announced the appointment of two new partners: Rachel B. Sherman and Edward H. Smoot. The firm also named Abhishek Bapna and Mar J. Messing as new partners. In addition to these new partners, the firm also welcomed three new associates, Lisa Wang and Eugene M. Gelernter. Both women will continue to focus on white collar defense and investigations, and they will also practice in the areas of complex civil litigation.