If you are are finding it hard to acquire more clients and you are spending too much time on admin, there is a simple explanation. It is because you are a small law firm.
Says who? Says survey data from Thomson Reuters 2020 report on the State of U.S. Small Law Firms. Yes, this is a report about small law firms in the USA but the experience in Australia is most likely to be identical.
There is another reason why we in Australia should be taking the results of this survey seriously. It is the fourth such report from Thomson Reuters on small law firms and the results have been effectively the same each time. In fact, the report starts with the quote, “the more things change, the more they stay the same”.
If this is the way it is then why don’t small law firms do something about it? Some do but it seems that most don’t.
The report says that despite facing many of the same challenges one year to the next, most small law firms have yet to take meaningful action.
Hence there is a huge opportunity for doing small law differently or even better, doing small law better.
You might be able to guess another major challenge faced by small law firms: getting paid.