Coronavirus Crisis

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EMBRACE A BOLD VISION TO MEET THE IMPERATIVES OF THE 21ST CENTURY

In my forty six years in law, there’s never been a moment like this.  

Firms are preparing to resume normal operations after a period of totally remote working.  The phenomenon of “resuming” creates a unique chance for firms to take a fresh look at how they operate.  A chance to make those improvements that have been sitting on the drawing board.  A chance to make their firms all they can be, and need to be, to meet the imperatives of the 21st century. 

The moment is uniquely conducive to progress.  All firm personnel have just experienced how well different models work.  They enjoyed the greater flexibility, they embraced the greater responsibility, and they gained increased confidence in modern technology tools.  

And clients are expecting change.  They, too, have learned from the WFH experience.  And they now must recover from the negative economic impact the pandemic had on their businesses.  They need better, faster, and less expensive service more than ever,  

So, what path will law firms choose as they resume?   Will they simply return to business as usual?  Or will they reset, choosing a better and more modern path?  We are about to see. 

“What would you do, Ralph?”

In a video interview with Joe Calve for the Corporate Counsel Business Journal last month, Joe asked me, “What would you do if you were leading a law firm today?”   “I’d make the most of this moment,”  I responded.  Reflecting further on Joe’s question, I believe I would pursue five initiatives:

  • Create a comprehensive, integrated information hub
  • Embrace “Legal Technology 2.0”
  • Modernize the operating model
  • Increase diversity and inclusion
  • Double down on client relationships

I think law firm leaders should seriously consider such an action plan.  In my next few posts I’m going to talk about each of my ideas, phrased as recommendations to law firm leaders.  I’ll address the first one today, preceded by thoughts on how to approach the reset these recommendations will entail.
Continue Reading Law Firms Should Seize This Unique Moment

RE-ENTRY PRESENTS AN UNPRECEDENTED OPPORTUNITY FOR LAW FIRMS TO ADVANCE

This is my seventh post about law firms in the Coronavirus Crisis.

“Re-entering” from the crisis offers law firms an unprecedented opportunity to improve themselves.  Law firm leaders should take it seriously.

The opportunity derives from several elements.  

          A Chance for a Reset

First, re-entry creates a genuine moment for a reset.  This will not be just another Monday morning.  Firms will be moving from several months of doing everything differently.  They now must actively, literally decide how to do things going forward.

          New Normal Is in the Air

Second, “new normal” is in the air.  It would be an overstatement to say that everyone is expecting a new normal, but nearly everyone is wondering if firms will learn from recent events, and, I think, hoping they will.  

          Pre-Existing Imperative for Change

Third, law firms recognized an imperative for change before the crisis.  They knew their processes and models were behind the times, but the cost and inconvenience of change outweighed the benefits.  This imperative is only greater as we appraoch re-entry.
Continue Reading Three Building Blocks to Make Law Firm Re-Entry the Most it Can Be

THE FUTURE OF LEGAL SERVICES WILL NOT BE BUSINESS AS USUAL

This is my sixth post about law firms in the Coronavirus Crisis.

As governments around the US and the world begin to ease restrictions on social interaction, law firms, like all other business entities, are planning for “re-entry.” 

When law firms return from the compelled remote working experience, will they return to business as usual?  Will the fundamental operating models be the same as before?  Or will there be a “new normal”?  These are very real, and very important questions all law firm leaders need to answer.

History suggests that law firms revert to past practice once a crisis passes.  It is what they did after the financial crisis of 2008.  It is in their nature, they are trained to rely on precedent, and the old ways of working produce reliable results. 

I believe this time will be different for two fundamental reasons.  
Continue Reading Law Firms Must Look Ahead to a Very Different “New Normal”

UNPRECEDENTED CHALLENGES REQUIRE IMAGINATIVE AND THOUGHTFUL APPROACHES

This is my third post about law firms in the Coronavirus Crisis.  Last week I addressed leadership. Today I turn to management.

Managing during this crisis will be challenging and mission critical. It will require leaders to draw on their experience and imaginations to adapt pre-existing strategic and operational plans to guide radically changed circumstances.  The firm still intends to go where it was going, but it needs to deal with a new set of challenges on its way.

Today, I want to share some thoughts about two of those challenges. 

Managing a Remote Workforce

Starting in mid-March, all law firms suddenly found themselves with a totally remote workforce.  An unprecedented management challenge.
Continue Reading Managing a Totally Remote Workforce and Budget Pressures in the Coronavirus Crisis

 A TIME LIKE NO OTHER: A LETHAL PANDEMIC GRIPS THE WORLD                                  

We suddenly find ourselves in a dire and unexpected crisis.  A lethal, novel virus is spreading like wildfire around the world, leading to social policy decisions that radically change the way we work and live, which in turn are wreaking havoc with the world economy and financial markets, and having other grave consequences.  

I have decided to devote Legal Services Today for the next few weeks to discussing how law firms work through this crisis and prepare for what follows.  Law firms are the dimension of legal services I know best, having spent a quarter century leading one. In that time we confronted some very challenging times, though none as challenging as this one.  

Law firms will be profoundly affected for the duration of the crisis, and beyond.  The way law firm leaders execute their responsibilities during this time will make a big difference on how the firms, and all who depend on them, fare.  

This week I will address the unusual and complicated nature of this crisis.  In the weeks ahead I will discuss specific facets of law firm leaders responsibilities in the crisis, including:

  • Leading stakeholders through these risky and uncertain times;
  • Managing operations in a suddenly-imposed remote format; 
  • Balancing financial and other vital considerations; and 
  • Distilling lessons from the crisis to make the firm stronger when it is over.

Here is the first installment:

Understanding the Unique Nature of This Crisis
Continue Reading Leading Your Law Firm Through the Coronavirus Crisis