Law firms provide the important service of helping people resolve a variety of legal issues. However, many such entities also enjoy aiding people and organizations in need. Legal establishments can maximize their philanthropic efforts by practicing the following tips:
Establish A Charitable Donations Committee
Charitable donations should not be offered in a haphazard, fly-by-night, disorganized manner. Conducting business this way might not only lead to critical funds being unaccounted for but precipitate discrepancies amongst employees. Such pitfalls can be avoided by establishing a charitable donations committee that oversees allocated funds and gathers a consensus about which benevolent causes to donate to.
Formulate A Documented Policy
A further organization may be garnered by establishing a written policy governing charitable donations. These mandates can preside over issues such as which charities can be considered and how requests should be made.
Donate To Local Efforts
Law firms are encouraged to donate to local charities. Though any benevolent effort is typically worthwhile, local endeavors provide certain added benefits. First, dollars given to local initiatives manifest in programs and initiatives that are readily discernible to firm members. Additionally, the law firm can actively participate in such activities and forge working relationships with local organizations. Moreover, donating to local causes may help build the firm’s reputation, which could ultimately increase its client base.
Set Up A Foundation
Larger firms of those with significant assets might consider setting up a charitable foundation. The funds comprising the foundation could come from the firm’s partners, associates, and other employees and a variety of individuals and organizations. Associated funds could finance whatever endeavors the firm’s leaders believe are valuable, such as educational or health-related charities.
Partner With An Established Organization
Sometimes, forging partnerships with a local chapter of a well-known benevolent organization can have far-reaching positive consequences. When two powerful, resource-laden entities pool their capacities, a greater number of programs and services could benefit.
Offer Pro-Bono Legal Services
In many instances, individuals face legal crises or circumstances in which the talents of an experienced attorney is necessary when they can least afford to pay for such services. Ergo, a portion of a firm’s charitable budget or foundational holdings, could be allocated to cover the expenses incurred by pro-bono clients.