Build a Strategy Network in Your Firm
Andrew Razeghi has a great article titled Create Success: Stop Thinking Like a Lawyer he wrote a few years ago, but that I just found. Among other things, he takes on the topic of law firm retreats:
No firm can create strategy in a half day, or even a full day. Not only is the time insufficient, the contributors are isolated. There are typically no clients at such retreats, or any investment bankers, accountants, and other professional advisers that law firms work with. Therefore, the retreat often devolves into a feel-good exercise.
Wouldn't it be better to have 20 attorneys thinking about strategy for four hours a month for 10 months? Who are those who make things happen? Who are the thought leaders in your firm? What if you gave them the chance to think strategically as a part of their job? Create a "strategy network" within your firm - a web of business thinkers with a structured forum in which to think about the business of law, not the practice of law. This network should not just include senior partners and rainmakers, but new partners and senior associates too.
I really like this idea and think it could be a good fit for a practice group or small law firm. Anyone want to try this in their firm? I’d be happy to help you get it off the ground.