Most partners agree that law firms can prosper by
drawing up strategic plans, so why aren't all firms adopting
them?
There is almost universal agreement among partners at law firms
in Iberia that law firms can only benefit from having a strategic
plan. For the uninitiated, a strategic plan is a written document
that sets forth where an organisation wants to go and the specific
steps it will take to get there – such plans usually cover a
three to five-year period. Essentially, this helps law firms agree
a course of action to enable them to overcome the challenges their
practice faces and identify opportunities for growth. However,
though nearly all partners believe their firm should have a
strategic plan, a new study by Iberian Lawyer suggests that law
firms' adoption of strategic plans is not as common as partners
would hope.
