The One Brief is Aon's weekly guide to the most important issues affecting business, the economy and people's lives in the world today.
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We provide a wide range of management consulting and advisory services to law firms in the US.
As the practice of law and client needs evolve, law firms must tackle complex management and leadership challenges. Law firm leaders must think strategically to plan for the future, grow revenue, and protect the firm from risk - while, at the same time, empowering their lawyers and staff to excel in their practices.
Planning for the future requires dedication to building new leaders from within the partner ranks to address succession. Growing revenue requires critical review of financial planning and budgetary controls and harnessing the power of the firm’s economic data to optimize efficiency, pricing, and revenue streams. For an increasing number of firms, growth planning includes exploring opportunities to pair with other firms to expand practice offerings or geographic footprint to better meet client needs. Enhancing client intake and conflicts processes has come into focus at many firms as a vital component of risk management. And, as always, ongoing attention and improvement to management structures, partner compensation systems, and lateral hiring practices continue to be critical to a law firm’s success.
We assist clients with these management challenges and those that lie ahead.
Mergers & Acquisitions
Guiding firms and practice groups in determining their future direction; analyzing law firms’ competitive environments; planning retreats; and, assessing alternative plans for growth and expansion.
Helping firms consider whether merger or acquisition is appropriate for their needs; identifying suitable targets; analyzing feasibility and conducting due diligence; suggesting solutions to merger issues; and, facilitating merger implementation.
Assisting firms in needs analysis, development of position descriptions and candidate search and evaluation processes.
Analyzing economic performance and devising strategies for improvement; creating tools to assist in analyzing profitability; designing alternative pricing approaches for firm services; and, assisting firms in addressing economic issues.
Designing customized compensation plans that are integrated with the firm’s strategic planning and encourage partner contributions to firm success; structuring capital and withdrawal plans; and, counseling on plan implementation.
Assessing the structure and quality of firm management; and, devising ways to improve leadership and decision-making in line with the firm’s strategic vision.
Providing strategies for improving processes for conflicts clearance, new business intake and lateral hire integration.
Aon’s Professional Services practice unites colleagues in all regions around the world to provide specialist solutions dedicated
solely to law, accounting, consulting and design firms.
We provide strategic advice, placement and management of insurance programs, and expert support across your lines of coverage.
In addition to insurance solutions, our teams create value by providing a range of additional services.
We provide a wide array of human capital solutions focused on the unique needs of professional service firms.
Our team provides management consulting and advisory services to law firms.