flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

How Law Firms Are Adjusting to the COVID-19 Pandemic

Editor's Note: Take a look at our featured best practice, Cost Reduction Methodologies (33-slide PowerPoint presentation). This document discusses various cost reduction methodologies and concepts, including the following: Process Optimization, Strategic Sourcing, Shared Services, Business Process Outsourcing.

* * * *

The World Health Organization (WHO) declared the novel coronavirus (COVID-19) outbreak a pandemic on Wednesday 11th March 2020. Over the past few months, we have seen the coronavirus spread rapidly across most of the globe, with some countries more heavily affected than others. It’s caused serious disruption to the economy and to individuals and businesses. Lawyers and their clients the world over are being affected, with face-to-face meetings, court dates, and office working off the cards for the time being. So, what are law firms doing to ensure that their practices continue running smoothly during the COVID-19 outbreak?

Working From Home

The good news is that for most lawyers, working from home is entirely possible, even if it does mean getting used to it. Instead of working from the office, most lawyers are now set up in home offices and communicating with their colleagues and clients via video call apps like Skype and Zoom. While most court dates may have been postponed until after the outbreak has begun to subside, lawyers are still working on cases and using the extra time to ensure that they are fully prepared to go to court and defend their client.

Online Presence

People are still going to need lawyers, even during the COVID-19 pandemic. In fact, one might argue that lawyers are going to face higher demand than ever before. Family lawyers, for example, might see a surge of demand for their services as quarantining at home puts extra stress and strain on couples and families, leading to more divorce applications and custody battles in the future. And workers who have been forced to continue going to work where no safety measures have been put in place by their employers might want to sue their employer if they catch COVID- 19 as a result. Firms like the Hanlon Law Group may see more immigration applications as people will want to come to the US and be with their families when this is all over. Because of this, it’s never been more important for law firms to be found online. Many are spending time updating their websites, working on SEO, and creating content for their blogs and social media profiles.

Cutting Costs

While court cases are postponed, lawyers are dealing with some loss of income. Without cases to win, many law firms are not collecting fees and, therefore, dealing with a new and immediate need to cut costs as a result. The good news is that there are several ways to do this. For example, furloughing employees who are not directly needed can help to free up payroll cash, while there are several ways to cut the costs of running an office that is not in use for the time being, such as applying for a payment break on the lease or mortgage, temporarily cutting off the utilities when possible or temporarily cutting off the office internet while it is not in use. Many companies that provide services to businesses are providing options in light of the situation to help the companies that they serve cut costs at this uncertain time.

What is your law firm doing amidst the COVID19 pandemic?

24-slide PowerPoint presentation
Though there are multiple levers to maximizing an organization's profitability, costs are the most directly controllable by any organization. Profitability is being challenged by increased costs, stagnated revenue growth, and increased capital costs in today's economic climate. Therefore, a [read more]

Do You Want to Implement Business Best Practices?

You can download in-depth presentations on Cost Reduction Assessment and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.

For even more best practices available on Flevy, have a look at our top 100 lists:

These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.

Readers of This Article Are Interested in These Resources


263-slide PowerPoint presentation
Introducing the Ultimate Cost Control and Cost Reduction Strategy Toolkit Are you ready to transform your business's financial landscape? Are you determined to enhance your organization's profitability while keeping a firm grip on expenditures? Look no further, as we present the game-changing [read more]


 
101-slide PowerPoint presentation
 
 
123-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.




Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.


Connect with Flevy:

     
  


About Flevy.com   /   Terms   /   Privacy Policy
© . Flevy LLC. All Rights Reserved.