Survival of the Leanest: Law Firms Are Going to Be Stripping Overhead in the New Normal

For years, law firms have been able to access reduced overhead expenses across a number of categories, including office space.  But, that cost reduction can extend to technology and staffing, as well — especially since technology upgrades often lead to workflow automation, which often reduces the size of staff, or focuses existing staff on more important, less rote tasks.

Yet, all those advantages have existed for law firms for years, and they have been reluctant to take advantage, for whatever reasons.  Even now, many attorneys remain resistant to change their decision making to reflect the realities of a modern, virtual legal practice.

There’s also this: With unprecedented economic pressure in place, the vast majority of law firms will start to virtualize, which carries with it reduced office space requirements, reduced staffing needs and more flexible technology.  So if your law firm doesn’t modernize, you’ll be swamped by those who do.

Let me save you the suspense: you can’t beat ‘em, so join ‘em.

. . .

If it’s time to think about your law practice in a whole new way, we can help.

The Wyoming State Bar offers free law practice management consulting services through Red Cave Law Firm Consulting.

To request a consult, visit the Wyoming State Bar’s law practice management page, and start running your law firm like a business.

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