By Brad Rosen, J.D.
Law firms globally are increasingly embracing profitability metrics as part of their long-term strategies and daily operations. Still, embarking on this journey often meets with stakeholder resistance and raises a host of delicate issues, as well as other challenges.
Ken Crutchfield, a Vice President at Wolters Kluwer Legal & Regulatory, U.S, recently led an industry panel, Choosing Targets and Prioritizing Profitability Projects and Initiatives, focusing on these issues at the ARK Group’s 11th Annual Law Firm Profitability Summit held in Chicago, Illinois.
Crutchfield was joined by a lineup of legal industry financial leaders who generously shared their insights, experiences, and an array of best practices for incorporating profitability into a law firm setting. Those panelists included Jacqueline Bosma, CFO, McCarter & English, LLP, Keith Maziarek, Director of Pricing and Legal Project Management, Katten Muchin Rosenman LLP., and Sam Davenport, Director, Business Innovation and Finance, Davis Wright Tremaine LLP.
You can read more about the panel discussion here.