Law Firm Business Services

We Advise & Support Law Firms In Five Key Areas:

Strategic Planning • Succession Planning • Compensation Systems • Mergers/Acquisitions • Profitability & Financial Management

Our strategy and planning assistance can help your firm decide where it is going and develop a realistic plan for getting there.

Our recommendations utilize firm-specific research and analysis plus an in-depth understanding of the market economics and competitive landscape to provide as much insight as possible.

  • Strategic Planning
  • Mergers/Acquisitions
  • Succession Planning
  • Partner Compensation
  • Profitability and Financial Management

Strategic Planning Services

Why hire us? Because as Yogi Berra said, “If you don’t know where you’re going you might not get there.” We know where the market is going; so do your clients.

The realities of the legal marketplace include changing client expectations, convergence, larger, more powerful law firms entering new markets, and decreased client and partner loyalty. These forces make it difficult to not only develop but also execute a successful business strategy for your law firm.

Many law firms report that traditional strategic planning methods no longer work well. They often produce, at best, disappointing results. In some instances, a firm's three-year strategic plan is obsolete after a year. Other firms develop what appear to be solid strategic plans, but they do not implement them.

Strategic planning is the process whereby a firm determines, commemorates, and ultimately commits to a specific overall direction for the future. First and foremost, the strategic plan addresses the unambiguous actions which must be taken to achieve the desired direction.

Key to successful strategic planning is building a consensus regarding the direction of the firm based on shared values. In order to approach this process, a firm must be well-organized internally to allow the partners to focus their efforts externally. The external view looks at the firm’s competitive position in the marketplace rather than grappling with internal issues.

Maxfield Peterson incorporates a tried and true process in assisting a firm in developing strategic initiatives that include personal and confidential interviews, client interviews, analysis of the competitive landscape, financial and economic analysis, developing strategy retreats, and working with your firm’s strategic planning committee during each step of the process.

Call us at 970-249-9074 for a free consultation to see how our law firm business services can benefit you and your firm.


Mr. Peterson has worked in the legal services sector since 1987. He has worked with a large number of firms on issues of strategic importance.

Managing Director, Law Firm Business Institute

o Strategic planning and implementation.

o Partner compensation systems and policies.

o Succession planning.

o Merger and acquisition assistance (searches and due diligence).

o Executive search.

o Leadership, management, and governance planning.

o Retreat planning and facilitation.

o Business operations and staffing.

o Practice management.

o Comparative financial analysis.

o Profitability management and improvement.

Hildebrandt International, Inc., Somerset, NJ and San Francisco, CA. An international consulting firm servicing law firms and corporate legal departments.

o Chief Operating Officer, 2000-2002

o San Francisco Office Managing Partner, 2001-2002

Davis, Graham & Stubbs, LLP, Denver. A 100 attorney general practice firm.

o Chief Financial Officer, 1997-2000

Oppenheimer Wolff & Donnelly, Minneapolis. A 240 attorney general practice international firm.

o Chief Financial Officer and Director of Administration, 1995-1997

o Chief Financial Officer, 1990-1994

o Chair of Trustees Committee, Oppenheimer Retirement Plan, 1989-1997.

o Director of Finance, 1987-1989

Maxfield Peterson

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751 Horizon Ct, Ste 102
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