Financial goals are an obvious metric for any legal firm, however, focussing only on month-by-month targets is a huge mistake that could be killing your firm’s future performance and growth potential.
As a senior leader in the legal industry, your focus is most likely on increasing profit margins, avoiding hassles, reducing the day-to-day management of others, and wishing everyone else could just get on with the job without constantly needing your attention.
Meanwhile, firms focusing on the business of law, with a stronger focus on leadership and development, are proactive in delivering excellence and creating an incredible opportunity for exponential business growth and success.
Our focus today needs to broaden to guarantee future performance, and performance objectives need to include non-financials. We need to create a link between performance and productivity, instead of only regarding profit as performance.
Top Legal firms need to understand the link between performance and productivity to ensure their ongoing success.
In a firm focused on the business of law, the law is no longer the focal point, people are.