Practice Management
Practice Management Tip 6: Developing your own know-how (KM)
The practice of law hinges on providing know-how to clients, with a firm's success relying on the collective knowledge of its lawyers and the efficient transfer of that knowledge. As a practicing lawyer, you will accumulate valuable precedents, advice and other materials over time. Establish a system for organising and retrieving these resources by subject matter or transaction type, rather than by document type or chronological order, as the former methods are more intuitive for retrieval.
One valuable form of personal know-how is a checklist, which can relate to legal issues, procedural steps or specific matters. For instance, a checklist could cover circumstances for preparing for a Mareva injunction or steps in a takeover or IPO or tasks. Checklists ensure thoroughness and consistency in your work, providing a quick reference to important steps, which enhances efficiency.
If your firm has a knowledge management (KM) system, take full advantage of it. Such systems can save you countless hours by preventing the need to reinvent the wheel and can significantly enhance your own knowledge and efficiency. Leveraging on a well-organised KM system allows you to build on the collective expertise of your firm, improving both your performance and client service.
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Practice Management Tip 1: Improving Communications with Client Practice Management Tip 2: Reframing Your Thoughts Practice Management Tip 3: Managing your time |
