Managing a law firm takes time and patience. On average, it takes about sixty-six days to instill a new habit into your routine. How can you know if a habit will improve your firm’s success?
Below are five habits of successful law firms that help boost productivity and revenue.
Foster a Successful Workplace Environment
The success of your law firm starts in your office. Create a successful workplace environment by celebrating successes, showing gratitude to your employees, and giving positive reinforcement. When employees are comfortable, they look forward to coming to work.
Employees spend on average one-fourth to one-third of their weekdays at work. If that time can be spent in a challenging but rewarding environment, your attorneys and staff will be much happier. Happy employees also translates to happy clients, which ultimately leads to more business.
Invest in Technology
Using a case management system helps to organize your office and create a seamless workflow across stations. Solutions like CASEpeer enable law firms to store and access case files in one cohesive place. Comprehensive practice management software will come with powerful features and reports to improve productivity.
To learn more about CASEpeer, click here.
Track Where Money is Going
Food. Office Furniture. Marketing. Office Supplies. Where is your money going and why? By tracking where your law firm is spending money, you can identify savings opportunities. Make a budget for each specified area of spending, and track carefully. If you have a big marketing budget, make sure your efforts are translating to cases.
Creating budgets allows for you to see how quickly you are spending money in certain areas. The money earned at your law firm is just that, earned. Put your law firm’s money where it is deserved.
Track Where Money is Coming From
Tracking where your money is coming from is just as essential as tracking where your money is going. If you have several different areas of practice at your law firm, you can track which practices are bringing in more money.
Knowing which case types are more lucrative, you can identify how to focus your marketing resources. Similarly, if there are case types that are less lucrative, you can make decisions to take those cases less frequently.
Spend Time Wisely
Time is money, so understanding how much time is spent doing specific tasks is essential. Knowing how you and your team manage time can help you identify areas needing improvement. If you find that there is unnecessary down time between tasks, you know your team can be more productive.
Also, ask yourself if your time is being spent doing something only you can do. Can you delegate your tasks to another employee or to technology? If the answer is yes, the time you save is more time you can spend on growing your business.
Why recreate the path to success when you can use it as a foundation for your success? By adopting these habits, your law firm can get on track for its best year yet.
CASEpeer is secure case management software designed for personal injury attorneys. From intake to settlement, our robust features help law firms become more proactive and powerful. Our goal is to help your law firm grow. For more practice management and technology tips, visit our blog.