A changing market
“The only thing that is constant is change” Heraclitus
The world is speeding from a print to a digital society and all industries are learning how to cope with the accelerating pace of technological change and an increasingly flexible, mobile and demanding clientele and workforce.
In this new economy, the law firms that succeed will be those that think deeply about their clients’ needs and reorganise themselves to deliver services that genuinely make their clients’ lives easier. Has your firm got the knowledge and resources to make the shift?
Network effects
“Network effects” is the phenomenon that occurs in a network by which each new member increases the value of the network for those already in it. Think Facebook. Or Uber.
The Stacks network of firms is no different. From the increased brand recognition amongst potential clients and talented staff that comes from jointly promoting a professional, trusted brand, or the opportunity to work smarter by pooling knowledge resources and expertise, the reduced operating expenses through group-buy, the elimination of time wasted on non-core activities by centralising services such as marketing and technology, the growing opportunity for referrals and cross-servicing that comes from an increasing pool of loyal clients…
What we do
By identifying, creating and leveraging positive network effects, we help Stacks firms achieve more in their local markets than they could ever do on their own.
Have you ever had to say to a client, ‘sorry, we can’t help you with that here’? At Stacks, there are lawyers who specialise in all essential areas of private client and business law, and a vibrant culture of referral ensures that all clients’ needs are met within the network for everyone’s benefit. Experience tells us that the goodwill generated by high-quality referrals does translate into real client loyalty.
Have you ever had a good idea for your firm, but lacked the expertise or resources to implement it? With Stacks, you get the benefit of a professional head office team with specialists in marketing, technology, knowledge management and practice support that function as an extension of your own team and work as hard as you do. If the idea is good for your firm, it’s probably a good idea for all Stacks firms, and we’re always prepared to invest in initiatives that benefit the whole group. That’s how we retain our innovative edge and stay relevant to clients.
Have you ever felt you’re re-inventing the wheel trying to deal with legal and business issues? At Stacks, you tap into a collegiate, connected network of like-minded professionals. Our people regularly come together to share ideas and learn from each other, both informally through our social intranet platform and more formally at Stacks events, including quarterly CPD practice group meetings and annual conferences.
Are you an accomplished senior lawyer frustrated with the partnership lottery and bureaucracy of big firm practice and looking to take control of your own destiny? Many would love to make the move to law firm ownership but are overwhelmed by the perceived risk of boldly starting out on their own. At Stacks, we’re uniquely placed to help good lawyers make a smooth and successful transition. From practical experience to help you make the right decisions – entity structure, technology, marketing, strategy – to financial assistance in appropriate circumstances. You’re never on your own in the Stacks Law Group and we’re as committed as you to your firm’s long-term success.
We provide leadership, shared services and ongoing
development in four areas
Is Stacks right for my firm?
We have successfully helped our existing member firms sustainably grow their local market share over the last decade and we believe the evolving legal market offers much opportunity for law firms that leverage our network model. We offer a different way of working, but it isn’t for everyone so we make sure that interested firms have the chance to understand what we’re all about and what joining the network would mean for them.
We have a simple philosophy for assessing whether to invite a new firm into the group based on two questions: