Why Companies Choose Fractional Leadership & Executives:

If you are considering hiring a fractional executive, it's crucial to clearly define your needs and goals to find an executive with the right experience and who is the fit for your law firm.

Cost-effectiveness:

Hiring a full-time executive, especially for a small or growing business, can be expensive. Fractional leadership allows companies to access high-level expertise at a fraction of the cost.

Flexibility and Scalability:

Fractional executives can scale their involvement up or down as the company's needs change. This is particularly helpful for businesses with fluctuating workloads or those in a growth phase.

Specific Expertise:

Companies can bring in fractional executives with a particular skill set or experience, such as those who have launched a new product, implemented new technology, or navigated a merger.

Objectivity:

As "outsiders," fractional executives bring a fresh perspective and unbiased insights to address a company's challenges.

Is Fractional Leadership Right for Your Business?

Consider fractional leadership if your company:

• Needs senior-level expertise, but a full-time executive isn't the right fit.

• Requires specific skills for a short-term project or transitional period.

• Wants an objective perspective on strategic challenges.

• Is experiencing rapid growth and needs to scale leadership quickly.

If you are considering hiring a Fractional Executive, it's crucial to define your needs and goals to find an executive with the right experience and fit for your firm.

Key Takeaways:

• Fractional leadership provides access to experienced executives on a part-time or temporary basis.

• It offers a cost-effective, flexible, and scalable solution for companies of all sizes.

• Fractional executives bring specialized expertise and an objective viewpoint to address specific challenges.

How Can Your Law Firm

Utilize Fractional Executives?

FRACTIONAL C-SUITE

Fractional COO:

Fractional CHRO:

Fractional CFO:

Lead your firm's transition to a new practice management system and oversee the implementation, data migration, and staff training for a smooth transition.

Overhaul your compensation and benefits package offerings by conducting market research and designing competitive salary structures to attract and retain top talent.

Implement a new financial management system by overseeing the selection and integration of the accounting system to improve efficiency and reporting.

FRACTIONAL DIRECTORS

Fractional Director of Recruiting:

Fractional Director of Attorney Development:

Fractional Director of DEIB

Implement a new ATS platform by overseeing the selection and implementation process, streamlining the recruiting workflow.

Create a customized curriculum focused on training attorneys in a new or evolving subject area (e.g., Environmental, Social, and Governance (ESG))

Conduct a firm-wide DEIB audit and assess your current policies to identify areas for improvement and create a roadmap for change.

FRACTIONAL MANAGERS

Fractional Special Events Manager:

Orchestrate your biennial partner retreat by managing all logistics including venue selection, agenda development, and attendee communication.

Fractional Marketing Manager:

Develop a targeted content marketing strategy by creating valuable content, including webinars and articles, to generate leads and attract new clients.

Fractional Knowledge Manager:

Conduct a content audit and revamp your intranet by organizing and optimizing your firm's internal resources to ensure easy access to critical information.

Why SPTC?

By leveraging SPTC's fractional executive talent, your firm can access the specialized expertise needed to thrive in today's dynamic legal environment.

SPTC's fractional executives offer:

Cost-Effectiveness: Access high-level expertise without the expense of a full-time executive.

Flexibility: Scale support up or down as needed, based on your firm's specific requirements.

Objectivity: Gain a fresh perspective and unbiased insights to address challenges.

Proven Experience: Benefit from the expertise of seasoned professionals with a track record of success in law firm administration.

Rapid Implementation: Quickly address critical needs and achieve measurable results.

SPTC Case Studies

Optimizing Work Allocation and Boosting Associate Morale

At a Glance

A mid-sized Am Law 200 firm was experiencing high associate turnover, particularly among mid- level associates.

Key Metrics

16%

Reduction in Turnover

24%

Productivity Increase

98%

Associate Satisfaction

15%

Increase in Efficiency

Struggling to attract and retain top legal talent? A Fractional Recruiting Director can revamp your recruiting and onboarding processes, Implement competitive compensation and benefits packages, and foster a culture of engagement and growth, ensuring your firm remains an employer of cholce.

CHALLENGES

Exit interviews revealed widespread dissatisfaction with the firm's work allocation process, which was perceived as opaque and unfair. Associates felt they lacked control over their assignments and were not being given opportunities to develop skills in their preferred practice areas.

SOLUTIONS

The law firm engaged a Fractional Director who conducted a thorough assessment of the firm's existing work allocation system and Interviewed attorneys at all levels to understand their concerns and preferences. Based on this analysis, the Fractional Director designed and Implemented a new work allocation system that Incorporated the following elements:

Transparency

Attorney Input

Skills-Based Matching

Regular Feedback

RESULTS

1

Benefit One

The new work allocation model led to a significant Improvement in associate satisfaction and a 16% reduction in tumover within one year.

2

Benefit Two

Associates reported feeling more engaged, valued, and In control of their career development.

3

Benefit Three

The firm also saw an increase in productivity due to more effective utilization of attorney skills and experience.

Creating an Innovative Alumni

Engagement Program

The Challenge:

An AM Law 200 firm recognized the value in engaging its alumni in a strategic way but lacked a formal program to maintain relationships with former attorneys.

The Solution

The law firm engaged a Fractional Alumni Engagement Manager who developed and launched a comprehensive alumni engagement program that included:

An online alumni portal

Series of events - social, educational (webinars, workshops, and in person)

Creation of initiatives incorporating the alumni engagement program into the broader attorney development paradigm.

The Results:

The alumni program strengthened relationships with former employees, leading to increased referrals, enhanced brand reputation, and valuable business development opportunities.

Building a Diverse and Inclusive Workplace

The Challenge:

A growing mid-size firm recognized the importance of diversity and inclusion but lacked a comprehensive strategy to attract, retain, and promote diverse attorneys.

The Solution:

The firm hired a Fractional DEI Executive to partner with firm leadership to develop and implement a multi-faceted DEI initiative that included:

Diversity Audit

Mentoring and Sponsorship

Recruitment Strategy

Inclusive Culture Training

The Results:

The firm saw a significant increase in the number of diverse attorneys hired and retained. It later received recognition for its commitment to diversity and inclusion, enhancing its reputation and attracting top talent.

Enhancing Profitability Through Strategic Timekeeping and Billing Practices

The Challenge:

A mid-sized firm was experiencing declining profitability despite strong revenue growth. Analysis revealed "profit leaks" due to inefficient timekeeping practices, inconsistent billing procedures, and significant use of write- offs.

SPTC's Solution:

The Firm hired a Fractional Executive to work with firm leadership and it's finance team to address these challenges. The Fractional Executive helped implement the following initiatives:

Created and conducted timekeeping trainings and best practices

Established Billing Guidelines

Introduced a process for partner accountability

The Result:

These initiatives led to a significant improvement in the firm's financial performance.

Within one year, the firm saw a 10% increase in realized revenue and a 5% reduction in write-offs, resulting in a substantial boost to profitability.

10+

Years of Experience

Change Management Expertise

Interested in Optimizing Your Work Allocation Model/Practices and Improving Efficiency?

A Fractional Executive can implement initiatives to enhance the way work is allocated, address profit leakage, and streamline systems and processes to build sustainable profitability.

Start The Shift

Cost Benefit Analysis

Investing in fractional executives will yield significant returns.

By leveraging SPTC's fractional executive service, your organization can access the specialized expertise needed to thrive in today's evolving legal environment.

Contact SPTC today to discuss your needs and explore how a fractional executive can help your organization achieve its strategic goals.