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Jan 16

First Step in Assessing the Viability of the Sole-Provider Option

By Michael Feit | Sole Provider , White Papers

Assessing the sole provider option has become a critical and necessary step in developing or refining a firm’s legal information strategy. The sole provider is not for every firm.
The Sole Provider Playbook provides detailed steps for law firm administrators to develop a business plan and presentation for management.
The first step (one section of the Playbook) details specific components of the sole provider viability business plan development:
A) Overview of the market
B) Financial review
C) Preliminary Gap Analysis: Content & Non-Content Hurdles
D) Workarounds & Replacement Costs
E) Recommendation
Checklists, formulas and a sample presentation are included, as well as solutions to hurdles. The Playbook is a resource tool kit that can be used now and again in future strategy planning and assessments.
To learn more about The Sole Provider Playbook, click here.