In this blog, we discuss how plaintiffs law firms can achieve operational excellence by streamlining processes, featuring insights from Mary Ellen Murrah, operations consultant from Vista Consulting, who authored this article.

As personal injury and plaintiff lawyers, your primary focus is on helping clients receive the compensation they deserve. However, to ensure the long-term success of your firm, it’s essential to invest in building out your operations. By doing so, your law firm will attain operational excellence, realize a higher return on investment (ROI), and create a more efficient and effective organization.

Basically, there are six key mile markers along the road to streamlining your firm’s operations.

1. Commit to Infrastructure

Before you even get started with the work of improving operations at your firm, the first step is committing to a robust infrastructure. This includes investing in technology, software, and solutions that will streamline your processes and help your team work more efficiently. Investing in the right tools and resources will not only save time and money but also improve client satisfaction and retention rates. Without a commitment to getting the task ahead right and understanding that the work is never truly completed, the process outlined below will fail to provide your firm with the foundation it needs to succeed.

2. Perform an Assessment

Before you can build out your law firm’s operations, it’s crucial to perform a comprehensive assessment of your current processes. This involves evaluating your intake system, case management, accounting, and other essential functions. By identifying areas where improvements can be made, you’ll be able to prioritize your efforts and allocate resources effectively.
Ask yourself:

• Are there bottlenecks in your intake process?
• Are your case management systems outdated?
• Are you sacrificing quality for speed?
•  Is your client journey stellar?

Identifying potential issues first will help you build a solid foundation for growth and allow you to develop a vision for the road ahead.

3. Appoint a Sustainer

Change is not easy, especially when it comes to overhauling your firm’s operations. To ensure success, it’s crucial to appoint a sustainer – someone who will champion the cause and keep everyone on track. This person should be a leader within your organization with a clear understanding of the goals and objectives of the operational overhaul. They must have an understanding of and a commitment to the firm’s mission and vision.

Their role will include setting milestones, monitoring progress, and ensuring that all team members are on board with the changes. By having a dedicated person who drives the initiative, you’ll be more likely to achieve your desired results. Typically, that’s where a Chief Operating Officer or COO comes into play.

4. Track Progress

As you begin to implement changes and build out your firm’s operations, it’s important to track your progress. This will help you identify areas where further improvements are needed and celebrate the successes along the way. Regularly review key performance indicators (KPIs) and adjust your strategy as necessary to stay on course.

5. Don’t Quit in the Dip

Building out your firm’s operations is a long-term commitment, and there will inevitably be challenges along the way. It’s essential not to lose sight of your goals during difficult periods. Remember, the benefits of a well-functioning, efficient organization far outweigh the temporary setbacks you may experience. Stay focused, learn from your mistakes, and keep pushing forward.

6. Evaluate Regularly

Finally, building out your firm’s operations is not a one-time event. To maintain a competitive edge and continue driving growth, it’s essential to evaluate your processes regularly. This will help you identify new opportunities for improvement and ensure that your law firm stays ahead of the curve.

By following these steps and committing to building out your firm’s operations, you’ll be well on your way to attaining operational excellence, realizing a higher ROI and providing exceptional service to your clients. Remember, the success of your firm depends not only on your legal expertise but also on your ability to manage and grow your business effectively.

Meet with Esquire Bank

Learn how your law firm can achieve operational excellence by financing case costs and freeing up capital to invest in building out operations and fueling growth. Schedule a no-obligation consultation with an Esquire Bank Business Development Officer today at a time convenient to your schedule.

SCHEDULE A MEETING

For more on Esquire Bank’s expertise in providing tailored solutions for law firms, please visit Esquire Bank’s resources portal, Lawyer IQ, where you can learn about growing your business, financing for law firms, marketing strategy best practices, and more.

You can also register to receive the Law Firm Insights newsletter for more in-depth interviews with legal industry professionals, case studies, and resources.

REGISTER NOW

Download the “Typical Lending Options for Contingency Fee Law Firms” Infographic

To learn about “Typical Lending Options for Contingency Fee Law Firms”, click below to download

DOWNLOAD INFOGRAPHIC

* The information provided on (or accessed through) this email is provided for general informational purposes only and is not intended as, and should not be relied on for, law firm operations, tax, legal or accounting advice. Some of the information may not be applicable or appropriate for all law firms. Please consult your own tax, legal and accounting advisors as appropriate.