
So nice to see old friends getting together in a shiny new business venture. Redstone Consultants launched just two months ago in February, but I've known quite a few of its consultants separately, and thought very highly of them, for a very long time.
Managing Director Steve Blundell is one of the most famous names in law firm business strategy,
familiar to me since my earliest days as a junior marketing assistant back in
the (ahem) 1980s, when professional services marketing first began. He
was then marketing manager at Touche Ross (I remember Kim
Tasso introducing him to
my then boss) and one of the first members of the profession's "Informal
(ie meetings down the pub) Marketing Forum" the pre-cursor to
today's PSMG, its
then half-dozen members being the only marketeers in the entire world focussed
on the professions. Oh what a Brave New World it was. Since then Steve has had
a blazing career, with roles in-house in both accounting and legal firms (Baker
Tilly, PWC, Denton Wilde Sapte) before co-founding his own consultancies,
first Gracechurch (10 years ago) and now Redstone. Few have
such an impeccable personal brand so like most people I'm always interested in
What Steve Does Next. So when Redstone invited me to a "Strategy
Room" breakfast discussion, I took the opportunity to ask him what his new
consultancy is all about and how it differs - not only from its closest competitors, but
what Steve himself has done before.
"I'm a strong believer that creating and
implementing competitive strategy is as much about leadership, organisational
design and tackling internal cultural issues as it is about analysing and
responding to external market factors – though these are critical too. Successful
strategy is about bringing to bear the full suite of functional skills you find
around a boardroom table, but the professions often struggle with the softer
skills side and with the part that's focussed internally. But HR, IT, Marketing
and Finance functions are all equally key to the piece; it's the COMBINATION
that makes for success in the most competitive and challenging of
markets" (domestically with ABSs and globally with the rise of the
far East). "You can see this in the
complementary skill-sets of our founding directors. Clients tell us
our most vital contributions are in the areas of strategy, organisation design,
culture, positioning, business development and relationship management. Clare,
you and I both agree that Jo Larbie is
second to none when it comes to HR, professional development & learning.
Your interview at the time of her book launch (How To Make Partner and Still Have a Life) highlights exactly the skill-set and
wisdom that our clients say adds the value; then we have Keith Wells, a genius
when it comes to brand strategy; Katie Dignan" [another good friend
of Kysen] "is one of the profession's very best sales developers, with
in-house sales and BD roles under her belt at top firms Herbert Smith, and
Pinsents" [where, incidentally, she coincided in-house with Kysen's own
Clare Turnbull] "; Marco Smith worked as BD director for DTZ before becoming head
of European BD at Baker McKenzie; Moray McLaren, has a most unusual reputation as both academic and practical
marketing specialist, beginning with a stint as Head of BD at the IBA, then
at SNR Denton, then Associate Professorships at the Catolica
Global School of Law and IE Business School's MBA programme - and now a continuing role at the groundbreaking
internet-enabled global classroom Law Without Walls; and Peter Cornell, Chairman
of our Advisory Board. Peter was Global
Managing Partner of Clifford Chance, went on to work with Guy Hands at Private
Equity firm Terra Firma and now is a partner with Metric Capital; that’s just
some of the leading lights in our team. But before any of these individuals
engage with a client, it is of course diagnostic skills that are the most
crucial; being able to pinpoint where a law firm's critical challenge is (it's
not always where it's senior management think it is) and identifying what type
of intervention, and in which parts of the business, is going to help the firm
most in moving forward ahead of competitors. Is the real issue for the
business about staff engagement and incentivisation? Is it about the need to
migrate lawyers' skills to capture opportunities in a very changed market? Is it
about improving profitability and helping the senior team understand the levers
behind the figures?"
Clearly Redstone is no one-size-fits-all
consultancy. They are all about getting under the skin of what clients' issues
really are and delivering bespoke solutions. Their big advantage is their
strength in depth, and the sheer range of management skills they offer across
such different disciplines, and from which they can draw teams in Europe, North
America and Asia to deliver just the right kind of mix to meet clients' very
particular needs. Now that's what I call value-add.
***
Someone should put him in touch with Lawyers On Demand. Doesn't he know theses days you can have it all? A fun circus job AND a continuing career in law? But then that's quite a juggling act to pull off....
***
Guest post by Honey de Gracia.

It
was a pleasant day to walk for the cause, as the sun graced us with rare pro
bono stints. Just like last year, our colleagues in the legal industry
exchanged their usual suits and wigs for athletic gear... and then some.
We bumped into clients from Fladgate, Serle Court and Squire Sanders to name a few; some journo friends
from Legal Cheek; and we walked alongside
inspirational academics, also civilians who strongly support the Trust.
The
route went on for over 10k and by the time we got to the finish line at The LawSociety our legs, feet, and bodies were sore. The Trust had rewarded finishers
with a small street party which involved food, drinks and entertainment -
even massage beds! The biggest reward, however, was knowing there's
so many people prepared to go the extra mile to support the cause for legal aid.
Literally.
No comments:
Post a Comment