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The Talent Management Toolkit for Law Firms

Sign up for email news alerts. Insurance generally Now is also a good time to consider the issue of insurance more generally. If you are going to be self-employed you may like to consider income protection insurance. You may want insure your premises and contents, your vehicle, your equipment. If you are taking on employees you will need Workers Compensation insurance. You can even take out fidelity insurance to cover employee dishonesty.

An insurance broker can give you the details of all of these insurances, and more, and provide a quote.

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For Society members , the Small Practice Kit provides useful information on insurance and includes an insurance checklist. Business Plan You know the old saying: Every good business needs a good business plan. There is no magic to planning. Premises The options are many: If you opt to work from home, or if you are a country lawyer, remember the Society has conference rooms that members can book for client meetings.

It includes a Premises Checklist. You need to be sure that your clients are very clear with whom they are dealing. Clear signage is important. The Australian Government Business website publishes some tips for home based businesses. Start-up costs You will need to consider your one off start-up costs. Budget You will also need to prepare a budget. Obtaining finance Your budget may reveal that at times you outgoings will exceed your income particularly during your start up years.

You may therefore need a loan, or a line of credit. Appropriate management systems Every firm will decide for itself what management systems it needs in place — and how it will deliver them. This aspect of the business, along with others, can be audited by the Society. Practice management systems One of your early considerations will be whether you buy a practice management system PMS.

These software products vary in content, price and pricing structure. That means establishing systems — and ideally documenting those systems in a set of policies and procedures or an office manual. Each practice is different and each will have its own needs. Here are some resources that might help you determine what you want to put in place.

Small firms will not want all of these — but it is a useful starting point. This is created for American accountants but is remarkably relevant for Australian law firms. It includes a great sample office manual at Appendix 1. While it has an obvious Victorian focus it includes some material useful in all jurisdictions.

This makes them easy to find, and easy to update. Simply update the one on line copy and alert staff to the changes. Limitation of Actions If you are litigating you will need to make sure you are identifying and recording limitation dates. Law Claims recommends that you do this in at least three places for example, in your practice management system, in your personal diary and on the face of the file.

The Talent Management Toolkit for Law Firms | Ark Group

Law Claims publishes the very helpful and comprehensive SA Schedule of Limitations for calculating limitation periods. Financial management You will also need to keep on top of your finances. Your budget particularly your cashflow budget will help with that — but it is also wise to establish a set of financial indicators to help you understand and improve your practice, and monitor trends.

Privacy Some small businesses have obligations under the Privacy Act. The Office of Information Commissioner publishes a Privacy checklist for small business. Verification of identity For law firms doing conveyancing work, the SA Government publishes a verification of identity policy that sets out the steps to take to verify the identity of a party to a conveyancing transaction.

Make sure your listing states all the areas in which you practice. LinkedIn Creating a LinkedIn profile will also people find you. That is worth doing in the early days — when you might be amending your profile a bit in an effort to get it right. Yellow and white pages All businesses with an ABN get an automatic listing in the yellow pages.

White pages listings have to be paid for.

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This entitles you to an entry in the telephone book and accessibility through White Pages on line. Google You will also want your business to appear on a standard google search. A good place to start is Google My Business — which gives you a free google listing. Talk to your website designer about how best to manage this. This is a pay per click arrangement. You can either manage this yourself, or use a broker. If you manage it yourself, Google will give you lots of support and advice, but remember they are also selling — so take the advice with a pinch of salt.

If you use a broker consider using a Google Partner that is an agency that has been certified by Google as someone they trust. These agencies are regularly reviewed by Google, and have to know their stuff to achieve certification. Marketing plan The Australian Government Business website publishes marketing advice and information including a Marketing plan template. Get fast, free shipping with Amazon Prime. Your recently viewed items and featured recommendations. View or edit your browsing history.

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15 law firm marketing strategies: how to promote a law firm or a private attorney legal practice

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