If you can’t fight them, join them– Working with your rivals can be beneficial. In a few cases, it just makes sense to collaborate with your competitors. When exploring new opportunities, we should not quickly dismiss certain relationships or deals simply because a competitor is involved.

Get rid of anything you do not actually need- For example, can you possibly outsource work or hire externals rather than permanent employees? There are numerous sites that can help you find freelancers, for example. Take a look at your business practices and see where you can start sharing or reducing expenditure.

It is utmost important to remain flexible- Lawyers must start thinking in terms of weeks, days, and even hours. It is important to focus on client satisfaction, regular feedback, short development cycles, automation and daily planning. Goals should be short-termed.

Easy working environment- With the advancing of technology, partners, and associates are able to log into firm servers from anywhere around the globe. If your associates want to work from home one day a week, you can let him? So long as work is done and clients are satisfied, the firm has nothing to worry. In fact, productivity has been shown to increase and costs to decrease when employees are allowed to work from home.

Use Technology- Another issue, which is difficult for many firms to address—adoption to digital change. Many firms still use rudimentary techniques to manage their practice, they have tons of documents all over the office, and many senior lawyers cannot even send a fax without assistance. It is time for the law firms accept modern technology and edge over others. having a good practice management system, keeping your firm’s website interesting and updated, and engaging your clients with technology will help your firm’s growth.

Practice Management System- Centralizing client records is a necessity. Emails, electronic calendars, timekeeping software, and other programs can help everyone in the firm understand exactly what is going on with a case. Often documents go missing in law firms and it takes hours to locate it. Not only is that time not billable, but it is also the time that could have been spent on other cases. By implementing a central case management system, such incidents will be avoided.

Proper Invoicing- Similarly, managing the billing process is essential. Invoices need to be sent to clients regularly and promptly. Clients will be angry if they go several months without receiving an invoice, and, when they finally receive it, it lists a substantial balance that is now due to the firm. When these delays happen, many firms take charges off of their bills, which hurts the revenue and growth of the law firm.  An efficient billing system will improve a firm’s profits.