Sally Schmidt is President of Schmidt Marketing, Inc., which offers marketing services to law firms.Tags: How To Write A Cause Effect EssayThe Namesake EssayDissertation Database CanadaSpriestersbach Dissertation PrizePhotosythesis Experiments5 Paragraph Essay About Amelia EarhartWriting A Cohesive EssayFinancial Management Research Paper
She is a Fellow of the College of Law Practice Management and was one of the first inductees to LMA’s Hall of Fame.
note: This is the latest installment in a series of posts Lateral Link’s team of expert contributors.
A business plan is one of the most important tools to explain your practice, relationships, and strategy to another law firm.
You should put together a business plan before even pursuing opportunities to preemptively answer questions that you anticipate encountering throughout the lateral placement process.
A chart that lists your major clients and the revenue generated from them each year is sufficient.
Sample Business Plan For Law Firm 50 Essays Anthology
Revenue Projection: This section is perhaps the most difficult and of the most interest to law firms.
Strategy: Your strategy section should outline your vision for your practice at the firm.
This is not the time for ambiguity; if your strategy calls for additional associates to service extra work, include this in your strategy. Your strategy should detail current market trends and forecast future ones to synthesize a strategy that accounts for potential growth or decay in your practice.
Completing this section requires straddling a fine line between over and under-projecting.
The chart in this section should break down your work by category.