A guest article from PDW Group, a performance improvement business who help businesses transform the behaviour and performance of their people, teams and organisation.
During the COVID-19 pandemic, the government have announced a raft of measures to support businesses with the sole intention of protecting as many companies and livelihoods as possible. Although we don’t know for sure what will happen in the near or long term future, it is clear that the government will not be able to offer this support indefinitely. Many law firms, have understandably focused on the short term shock of what has happened, organising home working, furloughing staff and deferring payments where possible to preserve cash flow.
Law firms need to be agile if they are to successfully identify and respond quickly to threats to their businesses and to take advantage of opportunities. To be agile, law firms must focus strongly on change management, have quick response times to threats and strategic opportunities, have streamlined decision making processes and above all have capable people (including lawyers and those in management) who are open minded, flexible and prepared to learn new skills and ways of operating.
Larger numbers of law firms appear to be outsourcing increasing aspects of their businesses as they look to build leaner and more efficient practices. Here our Strategic Business Adviser, Nick Palmer outlines some of the key issues.
Following a successful 1962 mission to orbit the earth, John Glenn (US astronaut and, later, politician) was asked what it felt like to sit in a rocket awaiting blast-off.