Courting success on firm ground

Having a law firm doesn't mean you have a law business. The latter requires some transformational thinking.


Russell Schropp, managing attorney of Henderson, Franklin, Starnes & Holt relies on a four-member advisory committee and a chief operating officer to run the business operations of the Fort Myers-based firm. JimJett.com photo
Russell Schropp, managing attorney of Henderson, Franklin, Starnes & Holt relies on a four-member advisory committee and a chief operating officer to run the business operations of the Fort Myers-based firm. JimJett.com photo
  • Law
  • Share

Whether a multistate firm with hundreds of attorneys, a local or regional firm with several dozen or a solo practitioner, a good chunk of law firms have something in common: all legal and little operational expertise can make for a bad business model.

If practicing law was a singular discipline, running a successful firm would be as simple as an open-and-shut case. But operating a firm as a business requires proficiency in accounting, billing, human resources, marketing and clerical staff to achieve prosperity.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content