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Consulting Services for Law Firms
100% woman and veteran-owned
INNOVATIVE BUSINESS STRATEGIES
Strategic Planning | Administration | Operations | Recruiting
A strategic plan is critically important to a firm’s success. It details the vision of where you want your firm to go. There are many components included in a strategic plan and each facet should be explored in detail. SOAR will collaborate with you on the items listed below, which are related to opening and managing a firm and creating a strategic plan.
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Mission Statement
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Core Values
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SWOT Analysis
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Short-term and Long-term Business Goals
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Business Development Planning
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Action Plan with Measurable Milestones
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Business License Requirements (e.g., License, Taxes, Compliance)
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Corporate Structure
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Partnership Agreement
Operations and Administration
Long and short-term contracting assignments as Chief Operating Officer, Chief Administrative Officer, or Director of Administration / Operations for established and start-up law firms:
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Accounting and Financial Operations
Research, identify, and implement a banking relationship
Research, identify, and execute an engagement letter with an accounting firm
Research, identify, and implement an accounting system
Set up Chart of accounts and financial reporting
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Month-end close including:
Income statement
Balance Sheet
General Ledger
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Work with the accounting firm n partner distributions
Manage client billings and collections
Establish engagement letter templates based on billing structures
Oversee accounts payable
Develop and implement revenue and expense budgets
Strategic Planning
Human Resources
Research, identify, and implement the following:
A Human Resource Information System (HRIS)
A payroll system
New Hire Reporting Requirements
Ensure compliance with all DC employment laws
Create job descriptions
Develop and assess salary ranges based on position descriptions
Develop an Effective Performance Review Program
Draft an Employee Handbook
Process improvements in and administrative function; specialize in Intellectual Property practices
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Research and implement benefits:
Medical, Dental, Vision
Life Insurance
401(k) Retirement Plan
Profit Sharing
Cash Balance Plans​
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Research and implement insurance
Professional Liability
D&O Insurance
Business Insurance
Workers Compensation​​