As we approach the end of the year, it’s a time for reflection and preparation—conducting year-end reviews, determining whether to develop new strategies or refine existing ones, and setting budgets for the upcoming year. These are all crucial steps for a successful start to the new year.
Notice that I began with “year-end review”?
Law firms often operate differently from other businesses, sometimes leading to shortcomings in tracking and measuring our progress. You’ve invested significant time crafting a strategy, did you execute it fully? If you did, was it effective? Did any external changes necessitate adjustments? And if your strategy was successful, to what extent did it meet your goals?
Understanding what worked this year and why is essential for replicating that success in the next year.
How to measure your strategy’s effectiveness is another topic altogether, but start by asking yourself today: Am I measuring?