Consulting services are concentrated primarily in the services industry focusing on industrial, commercial, and governmental products in the Washington, D. They provide a quantitative measurement of change based upon analysis integrity and special expertise. Long Range Vision Our primary service in five years will continue to be management consulting services. Our primary market will include industrial, commercial, trade, professional associations, political organizations and advocacy groups.
Select star to rate this Partner Business Plans: Rate it using the stars above and let us know what you think in the comments below. One of the first questions I ask is whether the partner has the ability to bring with him or her clients or whether there is a strong likelihood he or she will be able to develop business at a new firm via current contacts.
With burdensome market forces affecting firms' hiring practices, including increased pressure to expand, globalize practices, and leverage practices effectively; the need to increase resources to more efficiently service clients; and pressure to increase revenues and profits per partner, firms find themselves competing more and more with other law firms to hire top-notch talent.
As a result, complex planning is taking place in most major firms at the practice-group and individual-partner levels. Thus, partners need to strategically position themselves, and a well-written business plan can make a partner more attractive to a prospective law firm.
The challenge for partners is to create business plans that not only meet but exceed firms' expectations. Some of the most significant factors firms consider when making decisions regarding whether to hire partners include: Its impact on a partner's ability to transition to a new firm can be very significant.
Business plans can be very difficult for attorneys to write, since the focus is on creative marketing and not on making a legal argument. A well-written business plan should, at the very least, be: Serve as a marketing piece on the partner and enable the firm to assess the partner's business potential.
It should also provide an outlet to the partner to step out of the resume format and chart his or her previous performance and future prospects for business in a creative format. Illustrate to a firm that the partner is thinking about his or her practice as a business and set forth his or her plan for the future.
Persuade the firm to hire the partner. Chart a historical record of the partner's history of creating business opportunities and his or her ability to develop and foster client relationships over an extended period of time.
Demonstrate a partner's business-development skills, initiative, and ability to contribute not only to his or her own success but also to the success of his or her colleagues through cross-selling efforts.
It should also demonstrate ways a partner can contribute to a firm's financial bottom line, enhance its practice-group development, and ultimately bring added value to the team. Prophesy what the partner believes he or she will be able to accomplish in his or her practice and for the firm in the short and long term.
Prepare the partner for the interviewing process. Many partners with whom I speak indicate they have plans but have not yet put them to paper. It is absolutely essential that a partner commit to paper his or her thoughts regarding business-development plans, as this effort usually brings about a level of accountability for the partner.
If, for instance, a partner puts together an action plan at the beginning of the year and outlines steps to take over the following 12 months, the partner will be more likely to execute the plan than he or she would otherwise be if a commitment had not been made in writing.
It also allows a partner to break down his or her plan into smaller, more manageable action plans to execute throughout the year i.
What, then, are the key elements of a partner business plan, and what should partners include in their business plans? Below is an outline that includes what I believe are the critical elements of a partner business plan:Oct 11, · The business plan company OGSCapital has developed thousands of unique presentations.
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