Law Practice Management
| Publication year | 2022 |
| Pages | 0058 |
| Citation | Vol. 27 No. 6 Pg. 0058 |
Top Six Practices to Help You Regain Control of Your Law Practice ? Part I
This article is the first in a two-part series outlining the top six mindsets and practices of excellent CEOs that will guide you along your journey. Be sure to read the next installment in the August issue of the Georgia Bar Journal.
BY NKOYO-ENE R. EFFIONG
Are you running your law practice, or is your law practice running you?
Running a law practice is not for the faint of heart. As a solo or small firm attorney, you undoubtedly wear many different hats and find yourself stretched/ pulled in many different directions. At some point, this becomes unsustainable. You have to make a decision. Will you keep burning the candle at both ends, or will you develop new practices that generate better returns?
If you want to run a sustainable law practice; if you want to make it home before dinner; if you want to live a particular lifestyle while practicing ethically, the choice is simple.
You have to pivot from an underpaid employee in your law practice to the CEO of your law practice.
Lucky for you, we dedicated our June and August articles to outlining the top six mindsets and practices of excellent CEOs that will guide you along your journey.
Ready to regain control and design your ideal law practice? Read on.
When you decided to hang a shingle, you likely had goals or expectations for life as a law firm owner. I was mesmerized by the idea of getting to call all the shots (and never having to reschedule my life because of a partner's interesting time management choices). Not too long into my journey, I found myself consumed with things to do that pulled me away from all the leisure time I thought I would have as the principal attorney of my firm. I was incredibly naive about what it takes to launch a law practice. I also could have saved myself some of the chaos by adopting a CEO mindset from the start.
Before we go too far, let us create a shared definition of what a CEO does. According to McKinsey and Company, the CEO controls the company's most significant moves and has six main elements of their role: setting the strategy, aligning the organization, leading the top team, working with the board, being the face of the company to external stakeholders, and managing one's own time and energy.[1] While not exactly apples to apples in the law firm context, these six...
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