As part of Aon’s ongoing commitment to its law firm clients and to better address their needs in this ever-evolving legal market, Aon has created the Law Firm Advisory Team, a specialist unit of Aon’s Commercial Risk Solutions, Professional Services practice, that, together with resources in and access to Aon’s network of qualified, licensed and credentialed colleagues and affiliates, offers a full range of management consulting services to provide enhanced solutions for law firms in the U.S.
We understand the management and leadership challenges that law firms are tackling today as the practice of law and client needs and demands evolve. Law firm leaders must think strategically to plan for the future, grow revenue, and protect the firm from risk, all while 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.
With the addition of the Law Firm Advisory Team, Aon is now well-positioned to assist its clients with these management challenges and those that lie ahead. Please feel free to reach out to a member of the team to learn more about how we may be of service to your firm.