Black Friday gets its name from the fact that most business’ bottom lines will go from in the red to in the black on this post-Thanksgiving shopping bonanza.
Your law firm is no exception. There are at least three Black Friday purchases that your firm can make today to ensure a profitable tomorrow.
Nest Labs is a home automation company based out of Palo Alto, California, that designs and manufactures sensor-driven, Wi-Fi-enabled, self-learning, programmable thermostats and smoke detectors. According to Nest, you and your firm can save up to 20 percent on its electric bills.
Most people leave the house at one temperature and forget to change it. But, it’s no different for offices. Businesses can leave signs on the door saying, “last one out, switch off the lights,” but when was the last time your employees listened?
With Nest, you can control your thermostat remotely via mobile app. The thermostat will also learn your habits and adjust accordingly. This way, as your thermostat realizes that the last employee leaves the office around midnight, Nest will modify its program to turn itself off at this time.
Now you save on energy spent from six to eight hours overnight. Don’t underestimate the savings of controlling your heat in the winter and air in the summer.
Buy your employees iPads. Yes, that will save your firm money.
Whether it’s an iPad or Kindle or equivalent e-Reader, make sure your office goes paperless. Lawyers waste so much paper when they print out documents for DocReview or other administrative tasks.
There already exists a myriad of apps designed for legal case management for the smartphone, tablet, or computer. It’s not the technology that has fallen behind, it’s your corporate culture.
Gift tablets to your employees. Make it clear that this is a replacement for paper copies. Keep employees accountable by gifting the iPad only to lawyers who show a marked reduction in their paper usage.
You’ll be surprised at how a small investment in technology can change the entire working strategies of your employees toward using more efficient, more innovative tools for delivering legal services.
Create a training program that introduces such technology to slow-adopters in the office. With a small upfront fee, you can lower long-term spending on paper by lawyers, in addition to creating a more productive workplace.
The Holiday Party
Many firms cut back on hosting a holiday party when times are tough. But, it is exactly that times are tough that your firm should throw one.
Holiday parties improve morale, which—in turn—increases employee retention. The younger generation of associates, especially, is looking for more than just a job. They’re looking for a place to belong, a community.
In addition, holiday parties allow different departments and different generations of employees to network and mingle. Consider inviting neighboring businesses to participate.
Don’t skimp on a few bottles of champagne when the confidence of your employees, and their attachment to your firm and its clients, is at stake.
Instead of New Year resolutions, this year, on Black Friday, make a commercial commitment to profitable new business practices.