SME LAW FIRMS
Law Consultancy Services (LCS) started life in 1983 as Law Computer Services. The company, formed as an off-shoot from a high street solicitors practice, developed systems to increase efficiency and improve productivity in the Conveyancing process. Later, as such systems become common place, emphasis turned to general productivity – examining each of the six functions of business.
LCS is now a boutique consultancy company led by Lisa Preuveneers, author of “What is the Strategic Nature of an SME Law Firm?” SMEs are the heart of the UK economy and make up 99.9 per cent of the nation’s business population yet remain largely unserved when it comes to the provision of practical, ongoing management advice. As Lisa’ working life has been spent working with and for the legal profession, it is to this, the legal sector, that mentoring, coaching, one-off or ongoing consultancy services are offered.
According to the UK’s Companies Act 2006, a small company has less than 50 employees, a turnover of less than £6.5million, and a balance sheet total of less than £3.26 million. The usual definition of medium sized enterprises is any business with fewer than 250 employees.
Firms of all sizes face the same business challenges – just, in the case of SMEs, with less people on board to provide guidance and perspective! The functions of business may be roughly grouped as follows: –
|Operations:||the delivery of the value proposition|
|HR:||managing people, including yourself|
|Marketing:||finding the clients; better still, facilitate the client to find you|
|IT:||the use of information technology and cybersecurity tactics|
|Admin:||compliance and efficiency|
|Finance:||turnover=vanity: profit=sanity: cash flow=reality|
Contact Lisa directly – by email to email@example.com or on 07801 947 298 to enquire further. She is currently working with Notaries Public, many of whom are partners or employees of SME law firms.