Law Firm Strategic Plan Template

Firm Name: [Law Firm Name]
Plan Horizon: [Years]
Adopted: [Date]

1. Executive Summary

• Vision statement and mission.
• Summary of strategic priorities and key metrics.

2. Environmental Analysis

2.1 Internal Assessment

• Practice strengths, talent, financial performance, culture.
• SWOT analysis (Strengths, Weaknesses, Opportunities, Threats).

2.2 External Assessment

• Market trends, client expectations, competitive landscape, regulatory changes, technology developments.
• Target industries and geographic markets.

3. Strategic Priorities and Goals

4. Action Plans

• Detailed tasks for each initiative, including budget, resources, milestones.
• Cross-functional teams and accountability structure.

5. Financial Plan

• Revenue projections by practice group.
• Expense management strategies, capital investments, profitability targets.
• Key performance indicators (KPI) dashboard (billable hours, realization, leverage, cash flow).

6. Talent Management

• Recruitment, retention, training, succession planning.
• Mentorship programs, performance metrics alignment, compensation strategy.

7. Client Experience and Marketing

• Client feedback programs, client service standards, CRM utilization.
• Thought leadership, events, digital marketing initiatives.

8. Technology and Process Improvement

• Practice management systems, knowledge management, automation priorities.
• Cybersecurity, data privacy, disaster recovery planning.

9. Diversity, Equity, and Inclusion (DEI)

• Goals for representation at all levels, inclusive culture initiatives, supplier diversity.
• Metrics and accountability to track progress.

10. Implementation and Governance

• Strategic planning committee structure.
• Reporting cadence (quarterly updates, annual retreats).
• Adjustments and risk management processes.

11. Communication Plan

• Internal communication to partners, associates, staff.
• External messaging to clients and stakeholders.

12. Review and Update Cycle

• Annual review process to update goals, budgets, and initiatives.
• Mid-cycle adjustments based on market changes.

Appendices

• Detailed SWOT analysis.
• KPI dashboard template.
• Budget worksheets.
• Practice group plans.

Approved by Managing Committee on [Date].

Managing Partner: ____ Date: __

Executive Director/COO: ____ Date: __